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Tata Motors announces intimation of closing date for acquisition of Ford’s Sanand plant

On December 30, Tata Motors announced that its subsidiary Tata Passenger Electric Mobility Limited (TPEML), and Ford India Private Limited had executed a Unit Transfer Agreement on August 7, 2022, for the acquisition of Ford’s manufacturing plant situated at Sanand, Gujarat, for a total consideration, of INR 7.3 bill....

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