Ford”s Sanand plant buy to help Tata Motors consolidate EV position

Monday, 8 August 2022, 17:09:00
The Tata Group flagship corners 80 per cent share in the e-passenger vehicle market and it”s looking at a 5x jump in sales by end of next financial year
— Business Standard

Tata motors to buy Ford car making plant in India

Monday, 8 August 2022, 15:53:15
Tata Motors / Credit: REUTERS Indian automaker Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m). The deal comes as Tata moves to boost its car production to meet demand. The deal between Tata’s electric vehicle subsidiary and the US car maker’s Indian unit […]
— Ghana MMA

What Hyundai Motor India has to say on semiconductor shortage issue

Monday, 8 August 2022, 15:51:23
The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata Motors and Mahindra & Mahindra, which are riding high on their new SUV models
— Zee Business

Hyundai India expects semiconductor shortage issue to improve next year

Monday, 8 August 2022, 15:48:00
Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present, according to a senior company official. The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata Motors and Mahindra & Mahindra, which are riding high on their new SUV models. Besides, Maruti Suzuki India has also revved up its SUV plans with the launch of new Brezza and Grand Vitara. Leading up to the festive season, HMIL, the maker of popular SUVs, Creta and Venue is sitting on a backlog of 1.3 lakh pending orders. “2022 is driven more by the chip issue, so the real situation of demand will only emerge once we are able to produce with no constraints of semiconductor supplies and that is sometime away,” Hyundai Motor India Director (Sales, Marketing and Service) Tarun Garg told PTI in an interaction. He was …
— Business Standard

Tata Motors Acquires Ford India”s Sanand Plant For $91M

Monday, 8 August 2022, 13:49:18
Tata Motors Limited (NYSE: TTM ) Tata Passenger Electric Mobility Limited ( TPEML ) and Ford Motor Co”s (NYSE: F ) Ford India Private Limited ( FIPL ), have signed a Unit Transfer Agreement (UTA) for the acquisition of FIPL”s manufacturing plant situated at Sanand, Gujarat. The acquisition includes entire land … Full story available on Benzinga.com
— Benzinga