Tata Motors signs MoU with Gujarat govt for acquisition of Ford's Sanand plant

Tata Motors has signed an MoU with the Gujarat government for the potential acquisition of Ford India's Sanand plant, it said in a regulatory filing. The agreement includes a transfer of Ford India's land, buildings, vehicle manufacturing plant, machinery and transfer of all eligible employees. As per a report, Tata Motors would pay $100-150 million for the plant.