Plans to commission the Sanand plant acquired from Ford in a year and a half: Tata Motors
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Tata Motors recently completed the acquisition of this plant through its subsidiary Tata Passenger Electric Mobility Limited (TPEML). A transaction of Rs 726 crore has taken place in this acquisition.
New Delhi. Domestic automaker Tata Motors is all set to start commercial operations in the next 12-18 months at the Sanand manufacturing plant acquired from American major Ford to ramp up production. In an analyst call, Tata Motors’ Passenger Vehicles Business Head Shailesh Chandra said the company is targeting to start operations at the Ford plant at Sanand in Gujarat in the next one-and-a-half years. Tata Motors recently completed the acquisition of this plant through its subsidiary Tata Passenger Electric Mobility Limited (TPEML). A transaction of Rs 726 crore has taken place in this acquisition. Work at the Sanand plant with a production capacity of three lakh vehicles has come to a standstill since Ford wrapped up its business from India in the year 2021.
During this time Tata Motors made up its mind to acquire this plant to increase its production capacity. This Ford plant is adjacent to the existing Tata Motors plant in Sanand. Tata Motors will also make the necessary investments to adapt it to its existing and future vehicle platforms. Chandra said, “The company’s current production capacity is around 50,000 vehicles per month. We are also going to increase our two existing plants by 10-15 per cent. Apart from this, the capacity of the Ford plant can also be increased to 4.2 lakh units annually. Along with this, he said that the work of adapting Tata Motors vehicles to the strict second stage of BS-6 emission standards is going on fast. The government has set a deadline of April 1, 2023 for this.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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