We had earlier told about Tata Motors taking over the Ford manufacturing plants in India. In recent developments, Tata is about to acquire Ford’s Sanand plant in Gujarat in about a week’s time. With this Tata aims to produce around 5 to 6 lakh cars locally in the year 2023. This would help Tata Motors to increase its market share and grow exponentially.
Tata took over the JLR group from Ford back in 2008. Now, this would be the second-biggest acquisition by Tata from Ford if the deal is successful.
The Takeover
Back in September 2021, Ford announced it would quit producing cars in India. The decision came after the American carmaker registered millions in loss over the last few years. They initially decided to shut their Tamil Nadu plant and only produce engines in their Sanand Plant, Gujarat.
Later Ford decided to start producing its EVs in India after getting a government-approved PLI scheme. However, they did not specify which of its plants would be used.
According to reports Tata and Ford India are in talks with the High Power Committee (HPC). The HPC is a government-appointed committee looking into Ford’s transfer of ownership to Tata Motors. The next HPC gathering is scheduled next week which will decide the fate of the takeover.
“An HPC was formed by the Gujarat government in April 2018 to resolve issues related to the implementation of large projects. The committee is chaired by the Chief Minister. During the HPC meeting scheduled next week, the proposal of Ford India to transfer its vehicle assembly plant in Sanand to Tata Motors and issues related to the transfer will be discussed at length and finalised.”
The Sanand plant is capable of producing 2,40,000 units of car and 2,70,000 engines every year. Tata already has a manufacturing plant in Sanand that produces the Tiago, Tigor and Tigor EV. Both these plants located very close will play well for Tata if the acquisition is successful.
Tata plans for India
Tata Motors has had a very strong 2022 in terms of sales. They registered an overall sales growth of 27% in the month of February. The credit foes to their strong SUV lineup and the premium hatch, Altroz.
Their EV sales is the best in the market with Nexon EV topping the list. Rumours have been that Tata is readying to bring in their Tiago EV, Altroz EV and Punch EV by this year. Which of these EVs are you excited to see. Let us know in the comments section.
FAQs
1. What is the share price of Tata Motors Limited?
As of today, Tata Motors’ Limited share price at the NSE is Rs 434.3 and BSE is Rs 433.8.
2. What is the Tata Kaziranga edition?
Tata Motors as a tribute to the Kaziranga national park in Assam has launched their entire SUV lineup with the Kaziranga special edition.
Also Read:
Everything About Fuel Octane & What Should You Use
