M&A

M&A

Tata Motors in talks to acquire Ford India's Sanand plant in Gujarat

Economic Times  

Tata Motors, India's biggest automotive company by revenue, is in talks to take over Ford India's Sanand plant in Gujarat. The US carmaker had announced its exit from the local automobile market in September last year. Tata Motors is the leading contender in the race to acquire one of the two Ford factories in India. Its rivals for the manufacturing facility include MG Motor and Bhavish Aggarwal-promoted Ola.