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Tata Motors in talks to buy Ford’s Gujarat, Tamil Nadu units

MUMBAI/CHENNAI: Tata Motors is in early talks with Ford to buy the latter’s units in Tamil Nadu and Gujarat , multiple sources have told TOI. If the transaction materialises, it will be Tata Motors’ second asset purchase from the US major. In March 2008, the Indian company bought Jaguar Land Rover from Ford for $2.3 billion. For Tata Motors, which is changing gears to eco-friendly vehicles, the addition of Ford’s manufacturing facilities in TN and Gujarat will augment its capabilities in the automotive industry. Tata Motors currently has three passenger vehiclemaking plants in the country (one is a joint […]

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