CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company took over Ford’s passenger vehicle manufacturing plant at Sanand in Gujarat?
A
Hyundai
B
Tata Motors
C
Mahindra and Mahindra
D
Ola
Explanation: 

Detailed explanation-1: -The acquisition included the entire land and buildings; vehicle manufacturing plant along with machinery and equipment and transfer of all eligible employees of FIPL’s vehicle manufacturing operations at Sanand.

Detailed explanation-2: -The acquisition transaction will be completed on January 10, 2023, and will include Tata’s takeover of the land, manufacturing plant, equipment and all eligible employees. Here’s what the latest takeover will translate into for the employees as well as customers.

Detailed explanation-3: -tata motors: Tata Motors completes acquisition of Ford India’s Sanand plant - The Economic Times.

Detailed explanation-4: -Tata Motors Acquisition of Ford India Plant The two automakers will work together to satisfy all conditions of the agreement and approvals for closure of the transaction.

Detailed explanation-5: -Tata Motors completes Rs 725 cr acquisition of Ford’s Sanand plant.

There is 1 question to complete.