Tata Motors to conclude deal to buy Ford India’s Sanand plant by January 10

Tata Motors shall conclude the buyout of Ford India’s Sanand plant by January 10, 2023, the company said in a notification to the exchanges on Friday. The Tata Group flagship together with its Tata Passenger Electric Mobility (TPEM) had executed the so-called unit transfer agreement with Ford India Pvt Ltd (FIPL) on August 7, 2022 for acquisition of the latter’s manufacturing plant situated at Sanand, Gujarat.

This includes entire land and buildings, vehicle manufacturing plant along with machinery and equipment and transfer of all eligible employees of Ford’s vehicle manufacturing operations at Sanand, for a total consideration, exclusive of taxes, of Rs725.7 crore.

As part of the transaction, all eligible employees of FIPL’s vehicle manufacturing plant have been offered employment with TPEML on terms, conditions and benefits of service similar to those that are currently availed by them, Tata Motors said in the statement.


Eligible FIPL employees who have accepted TPEML’s offer of employment shall become the latter’s employees with effect from 10th January 2023.