Tata Motors Agrees to Buy Ford’s Gujarat Plant for $92 Million
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Tata Motors Ltd. agreed to acquire Ford Motor Co.’s plant in the western Indian state of Gujarat to bolster its manufacturing capacity.
The Indian automaker will pay 7.26 billion rupees ($92 million) for the transaction, which includes land and buildings as well as the vehicle manufacturing plant in Sanand, Gujarat, and its machinery and equipment, according to a statement by Tata Motors.