Bookmark Bookmark

Tata Passenger Electric Mobility Limited, and Ford India Private Limited have signed an MOU with the Government of Gujarat

Tata Passenger Electric Mobility Limited, a subsidiary of Tata Motors Ltd, and Ford India Private Limited have signed a Memorandum of Understanding (MOU) with the Government of Gujarat for the potential acquisition of FIPL’s Sanand vehicle manufacturing facility. 

Key Points:

  • The MoU includes the potential acquisition of the facility’s land & buildings, vehicle manufacturing plant, machinery, and equipment and transfer of all eligible employees of FIPL Sanand’s vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals.
  • The Ford India vehicle manufacturing site at Sanand is a state-of-the-art site. TPEML would invest into new machinery and equipment which is necessary to commission and make the unit ready to produce its vehicles.

You might be interested:

Global Day of Parents 2022

Every year Global Day of Parents is observed on the 1st of June globally. The Global Day of Parents is an annual event that celebrates the importance of parents in children’s lives. The purpose ...

6 months ago

World Milk Day, 2022

The Food and Agriculture Organization of the United Nations adopted June 1 as World Milk Day. The day is marked to recognise milk as global food and to celebrate the dairy industry. The day is intende ...

6 months ago

One Liners of the Day, 01 June 2022

World Vape Day is observed on 30th May across the globe.  World No Tobacco Day is observed on May 31. Karnataka Chief Minister Basavaraj Bommai has launched a new health and wellness app AAYU. T ...

6 months ago

World Vape Day 2022

World Vape Day is observed on 30th May across the globe to create awareness about the alternatives to harmful tobacco products and highlights the relative safety of e-cigarettes and their potential as ...

6 months ago

Karnataka Chief Minister Basavaraj Bommai has launched a new health and wellness app AAYU

Karnataka Chief Minister Basavaraj Bommai has launched a new health and wellness app, AAYU, to address and help heal chronic diseases and lifestyle disorders through yoga. Swami Vivekananda Yoga Anusa ...

6 months ago

LIC has launched “Bima Ratna”

The Life Insurance Corporation of India (LIC), India’s largest insurer, has launched “Bima Ratna” – a non-linked, non-participating, individual, savings life insurance plan. Th ...

6 months ago

Provide your feedback on this article: