Tata Passenger Electric Mobility Limited, the EV subsidiary of Tata motors India, and recently-exited Ford India have come to an agreement on acquisition of the latter’s manufacturing plant situated at Sanand, Gujarat.
Tata Motors now will have access to the entire plant buildings, the manufacturing equipment, and will also employ the workforce involved in Ford’s manufacturing operations. Ford India is set to retain access to its Powertrain Manufacturing Facility on lease from Tata. The deal went ahead with a total valuation of INR 725.7Cr, subject to government approval.
Tata calls this acquisition a “win-win” for all parties involved, as its manufacturing capacity is said to be nearing saturation at the automaker’s existing facilities. The Sanand plant will be able to roll-off another 300,000 units off the line, which Tata claims to be scalable up to 420,000 per annum. Tata will be making significant investments in the plant so as to accommodate its long line of upcoming EV’s in India.
Tata Motor’s EV Portfolio:
The carmaker currently has 2 electric vehicles in the Indian market, the Tigor EV and Nexon EV, which are only electric variants of their petrol powered variants.
Nexon EV recently got an updated model to its line-up, the new Nexon EV Prime, powered by a 127HP motor and 312kms of range. Alongside, it also has a long range “Max” variant with a claimed 437kms of range.
The other EV in Tata’s stable, Tigor EV, is powered by a 74HP electric motor with its battery providing a claimed range of 306kms. It is also the most affordable EV customers can buy in India, starting at INR 12.5Lakhs (ex-showroom).
Among other cars Tata has in the pipeline, recently the company had unveiled the Avinya concept. It is said to be based on the Gen 3 Pure EV platform, on which the new and upcoming EV’s from the automaker are to be based. On course to be launched in 2025, the Avinya’s charging system will have the capacity of adding 500kms of range with just 30mins of charge!