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Ford's Sanand plant buy to help Tata Motors consolidate EV position

The Tata Group flagship corners 80 per cent share in the e-passenger vehicle market and it's looking at a 5x jump in sales by end of next financial year

Tata Motors, Tata
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As against acquiring the plant, if Tata Motors were to set up a greenfield plant for making the EVs, the investment would have been at least 12x more.

Shally Seth Mohile Mumbai
Tata Motors’ buyout of Ford India’s Sanand plant will strengthen the company’s position as a market leader in the electric vehicle (EV) market and help accelerate volume ramp-up in a cost effective way and bolster its EV ambitions, said analysts.

The Tata Group flagship corners 80 per cent share in the e-passenger vehicle market and it’s looking at a 5x jump in sales by end of next financial year.

Tata Passenger Electric Mobility Ltd (TPEML), the company’s subsidiary, has signed a unit transfer agreement (UTA) for the acquisition of Ford India’s manufacturing plant at Sanand in Gujarat for ₹725.7 crore,