News

Tata Motors signs MoU to acquire Ford's Sanand plant

Ford's Sanand factory is located next to Tata Motors' existing facility

Tata Passenger Electric Mobility Limited (TPEML) and Ford India have signed a Memorandum of Understanding (MoU) with the Government of Gujarat for the potential acquisition of Ford's Sanand manufacturing plant, including the land, buildings, vehicle manufacturing plant, machinery and equipment as well as the transfer of all eligible employees of the vehicle manufacturing operations unit.

Ford's Sanand facility also includes a powertrain manufacturing unit, which will be operated by Ford by leasing back the land and building from TPEML.

Tata also plans to invest in new machinery and equipment. With the proposed investments, it would establish an installed capacity of 3,00,000 units per annum, which would be scalable to more than 4,00,000 units.

Ford's Sanand factory is located next to Tata Motors' existing facility, which should help in a smooth transition.

 

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Ola Electric scouting for land to set up electric car factory

Ola Electric plans to invest around Rs 10,000 crore for the new factory

Ola Electric has ambitious plans to expand its EV business in India. The company is looking to set up a second factory in the country for its upcoming electric car. It is scouting for land and is reportedly in talks with several state governments.

Ola Electric plans to invest around Rs 10,000 crore for the new factory, which is expected to be spread over 1,000 acres. Reports suggest that the company has approached the state governments of Uttar Pradesh, Gujarat, Maharashtra, Karnataka, Telangana and Tamil Nadu.

Ola Electric had set up its first FutureFactory in Krishnagiri, Tamil Nadu. It has been churning out S1 and S1 Pro electric scooters since December 2020. The new electric car factory will be almost double the size of the current facility.

Source: ET Auto

 

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Tata gets govt. nod to acquire Ford's Sanand plant

The acquisition of Ford's plant will boost Tata's total production capacity at its Sanand facility to 3.9 lakh units per annum.

The government of Gujarat has cleared the proposal submitted by Tata Motors to acquire Ford India's manufacturing unit in Sanand. It is said that an MoU will be signed on May 30, 2022.

According to media reports, the cabinet has issued a no-objection certificate to the proposal. It would enable Tata Motors to reap the benefits extended to Ford when the plant was set up.

Tata Motors had been in the race to acquire Ford's manufacturing unit in India following the latter's exit from the market. The Sanand plant has been sitting idle since April this year.

Tata's existing facility at Sanand has an annual production capacity of 1.5 lakh units. The acquisition of Ford's plant will add another 2.4 lakh units for a total capacity of 3.9 lakh units per annum.

Source: ET Auto

 

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BMW Chennai plant celebrates 15 years of operations

The BMW 3 Series was the first model to be built at the facility.

The BMW factory in Chennai has completed 15 years of operations in the country.

Production at BMW's Chennai plant began on March 29, 2007. The BMW 3 Series was the first model to be built at the facility. Earlier this year, the plant achieved the production milestone of 1,00,000 units.

Today, BMW's India unit produces a total of 13 models, including the 2 Series Gran Coupe, 3 Series, 3 Series Gran Limousine, M340i, 5 Series, 6 Series Gran Turismo, 7 Series and SUVs like the X1, X3, X4, X5, X7 and the Mini Countryman.

 

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Skoda evaluating small EV for India

Skoda is looking to set up an EV manufacturing unit in the country sometime after 2025.

Skoda Auto Volkswagen India is evaluating a small EV for the Indian market. The carmaker is also looking to set up an EV manufacturing unit in the country sometime after 2025.

Skoda Auto, CEO, Thomas Schaefer has stated that India could serve as a manufacturing hub for affordable EVs in the future. He added that a small EV based on a VW platform could be introduced in India.

Schaefer believes that Skoda would require a new factory to be able to offer EVs at affordable prices. At present, the company is conducting a pilot study on the Enyaq.

Speaking about the importance of India's manufacturing capabilities, Schaefer stated that India could serve markets in South East Asia and Africa in the next 10-15 years. The company is now working on the "2.5 project", which includes a new sub-4 meter SUV.

Source: ET Auto

 

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Gujarat: Suzuki to invest Rs. 10,440 crore in EV unit

Suzuki Motor Gujarat will invest another Rs. 3,100 crores for boosting its EV production.

The Suzuki Motor Corporation has signed a memorandum of understanding (MoU) with the government of Gujarat to ramp up electric vehicle production and set up an EV battery manufacturing unit in the state.

Under the MoU, Suzuki will invest Rs. 7,300 crore for the construction of a battery plant by 2026. Suzuki Motor Gujarat will invest another Rs. 3,100 crores for boosting its EV production capacity by 2025.

In addition to this, Maruti Suzuki Toyotsu India Pvt. Ltd. will invest Rs. 45 crore to set up a vehicle recycling plant by 2025.

The company's first recycling facility is already operational in Noida. It is also the first government-approved scrapping facility for end-of-life vehicles. Spread over 10,993 sq. mt., the recycling unit can process 2,000 vehicles per month.

Source: Money Control

 

News

Tata Motors to take over Ford's Sanand plant

Ford's Sanand plant has a capacity to manufacture 2.4 lakh vehicles and 2.7 lakh engines per annum.

Tata Motors is all set to take over Ford's manufacturing facility located in Sanand, Gujarat.

According to a media report, both companies have submitted a proposal for the transfer of ownership of the facility to Tata Motors. The procedure for the takeover is expected to be completed by next week.

Tata Motors had been in the race to acquire Ford's manufacturing unit in India following the latter's exit from the market. Tata's existing facility at Sanand has an annual production capacity of 1.5 lakh units. The acquisition of Ford's plant will add another 2.4 lakh units for a total capacity of 3.9 lakh units per annum.

Ford had invested Rs. 4,500 crore in the Sanand facility, which also has an engine assembly line with a capacity of 2.7 lakh engines per annum.

Source: ET Auto

 

News

Hero Electric to set up four EV plants in India

Hero Electric is looking to invest Rs. 1,500-2,000 crore to achieve its production goals.

Hero Electric plans to set up four EV manufacturing units in India, increasing its production capacity to 5 million units.

According to a media report, Hero Electric is looking to invest Rs. 1,500-2,000 crore to achieve its production goals. The company is looking to set up two greenfield factories in South and West India.

Naveen Munjal, MD, Hero Electric, has stated that the transition to EVs is happening at a rapid pace in India. He expects 30% of the 2-wheeler market to transition to EVs by 2025.

With its present capacity of 2,50,000 units, Hero Electric is not able to cater to the demand. This is where the new manufacturing units are expected to come into play, helping reduce geographical risk and supply chain constraints.

Source: ET Auto

 

News

Ashok Leyland to set up new EV manufacturing unit

Ashok Leyland is developing electrified versions of the Dost and Bada Dost LCVs.

Ashok Leyland is planning to set up a new manufacturing facility for electric vehicles. The company also plans to invest Rs. 500 crore in alternative fuel technologies.

The Hinduja Group owned CV brand is also setting up a manufacturing facility and R&D centre in Spain, while its Indian unit will be optimized to cater to the changing market requirements.

According to a media report, Ashok Leyland is looking to develop new EVs and powertrains based on CNG and hydrogen for its commercial vehicles.

Ashok Leyland is developing electrified versions of the Dost and Bada Dost LCVs. The project is currently in the prototype stage and production is expected to commence in Q4 2022.

Source: ET Auto

 

News

Maruti Suzuki's Sonipat factory to be its largest

A fourth assembly line could be installed at Sonipat to expand capacity to about a million units.

Maruti Suzuki plans to shift its manufacturing base from Gurgaon to Sonipat in Haryana. The new facility will be the brand's largest in India.

According to R C Bhargava, Chairman, Maruti Suzuki, construction of the Sonipat unit will begin soon. The first assembly line is expected to be commissioned within three years.

Maruti Suzuki is investing Rs. 18,000 crore in the Sonipat unit. At present, there are 3 assembly lines each operational at the Gurgaon and Manesar facilities with a combined production capacity of 1.5 million units. However, there is no space for further expansion. A fourth assembly line could be installed at Sonipat to expand capacity to about a million units.

The area around the Gurgaon factory is now getting crowded with too many residential buildings being built in the vicinity. It hampers the movement of heavy vehicles causing congestion in the city. This has prompted the company to move out of the heavily urbanized area.

Source: ET Auto

 

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Redlining the Indian Automotive Scene