Authorities are currently investigating the sightings
uae3 hours ago
On Sunday, Tata Motors Ltd signed an agreement to buy Ford Motor's manufacturing plant (Sanand) in the western state of Gujarat for Rs7.26 billion ($91.5 million).
The agreement between the Indian automaker's subsidiary Tata Passenger Electric Mobility Ltd (TPEML) and Ford India Pvt Ltd (FIPL) covers land, assets and all eligible employees.
"With our manufacturing capacity nearing saturation, this acquisition is timely, and a win-win for all stakeholders," Tata Motors said in a statement.
The Jaguar Land Rover parent said the acquisition of the Sanand plant will unlock a manufacturing capacity of 300,000 units per year, that could increase to 420,000.
Ford had less than 2 per cent of the Indian passenger vehicle market when it stopped production in the country last year, having struggled for more than two decades to generate profits.
ALSO READ:
Authorities are currently investigating the sightings
uae3 hours ago
Although Israel ordered civilians in Rafah to evacuate, charity organisations say no real plan for their move is in place
mena3 hours ago
On Sunday, the final day of the adult competition, the UAE national team delivered a stellar performance, adding seven more medals to their tally
sports3 hours ago
Report says MAI-1 will be "far larger" than the previous smaller, open source models Microsoft had previously trained
tech3 hours ago
Country is showcasing its attractions at ATM
business3 hours ago
The turmoil on campuses has prompted several colleges and universities across the US to relocate, modify, or cancel commencement ceremonies altogether
world3 hours ago
Israeli Prime Minister Benjamin Netanyahu has vowed to send ground troops into Rafah regardless of any truce, defying international concerns
mena3 hours ago
The former president was fined for the 10th time over violating an order that bars him from making comments about jurors, witnesses and families of the judge
americas4 hours ago