As per media reports, Tata Motors has assured the Gujarat government that none of the existing workers employed at the Ford facility will be laid off by the new owners
Eyeing a lion’s share in the Indian EV market, Tata Motors is planning to use Gujarat plant in Sanand abandoned by Ford Motors, following its exit from the Indian market, in their bid to manufacture two lakh electric vehicles (EVs) by 2026 for which it will invest Rs 2,000 crore.
As per media reports, Tata Motors has assured the Gujarat government that none of the existing workers employed at the Ford facility will be laid off by the new owners.
The staff employed at the plant had protested against Ford India’s decision of closure of the manufacturing facility amid fears of losing their livelihood. Over 23,000 workers had been employed directly/indirectly at the plant.
Tata Motors has been seeking a concession on the land transfer rate and has proposed a 20% of jantri rate of the land – that will amount to INR 66 crore. Tata Motors will continue to relish the exclusive incentive and benefits that were granted to Michigan-headquartered manufacturers when they set the plant up in Sanand.
“The proposed takeover will become a major landmark in EV production in India and will trigger interest from local and global players for setting up capabilities and capacities for new technologies in the state”, said a note from Gujarat Government on the proposed takeover.
