This agreement will help the Indian marque increase its production capabilities of EVs
Tata Passenger Electric Mobility Limited (TPEML), the EV subsidiary of Tata Motors is all set to expand its EV business as it had signed an agreement with Ford India to acquire the latter’s manufacturing plant at Sanand, Gujarat. This agreement involves the acquisition of the entire land and buildings of the manufacturing plant along with the machinery and equipment as well as the transfer of all employees of Ford’s vehicle manufacturing operations at the plant.
That being said, Ford India isn’t completely out of the picture as the carmaker will continue operating the powertrain manufacturing facilities by leasing back the land and the buildings from TPEML. The next steps for the Indian marque include reconfiguring the plant to its vehicle platforms, which the brand expects to be a smooth process as the recently acquired plant is located next to the existing manufacturing of Tata Motors at Sanand.
This acquisition will help Tata Motors increase the production capabilities for its EV lineup significantly and reflect its focus on adding to its strong presence in the EV space of the Indian automotive industry, owing to the success of the Nexon EV and the recently launched Nexon EV Max.
Tata Motors has plenty in store for EVs which includes the production-spec Curvv slated to show up by 2024 as an EV first before offering an ICE option. Before that we’re getting two new EVs based on current ICE cars.