CURRENT AFFAIRS

2023

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which company is acquiring Ford India’s manufacturing plant?

A	Eicher Motors
B	Tata Motors
C	Mahindra and Mahindra Motors
D	Hyundai Motors

Explanation:

Detailed explanation-1: -Tata Motors Limited’s electric vehicle arm, Tata Passenger Electric Mobility Limited (TPEML), on Tuesday completed its acquisition of Ford India’s manufacturing plant in Sanand, Gujarat.

Detailed explanation-2: -In August last year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd’s (FIPL) Sanand plant, Gujarat for Rs 725.7 crore.

Detailed explanation-3: -Tata Motors shall conclude the buyout of Ford India’s Sanand plant by January 10, 2023, the company said in a notification to the exchanges on Friday.

Detailed explanation-4: -Tata Motors has completed the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary, the company informed on Tuesday.

There is 1 question to complete.