Tata Passenger Electric Mobility and Ford India Private sign MoU with Gujarat Government.
M2 EQUITYBITES-June 6, 2022--Tata Passenger Electric Mobility and Ford India Private sign MoU with Gujarat Government
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Auto Business News - 06 June 2022
Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of India-based Tata Motors (NYSE: TTM), and Ford India Private Limited (FIPL), a subsidiary of Ford Motor Company (NYSE: F), have signed a Memorandum of Understanding (MOU) with the Government of Gujarat (GoG).
The MoU has been signed for the potential acquisition of FIPL's Sanand vehicle manufacturing facility.
Under the MoU, TPEML is acquiring the land, buildings, vehicle manufacturing plant, machinery, equipment, and transfer of all...
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