India Economy Thread

[NeptunesVortex]

Ford India plans mega EV facility in Chennai, eyes Asia-Pacific hub for affordable EVs

The brownfield project could encompass EV assembly as well as batteries, cells, motors and other critical components, potentially turning Ford’s Chennai facility into an integrated electric-vehicle manufacturing hub.

Ford India plans mega EV facility in Chennai, eyes Asia-Pacific hub for affordable EVs

Ford Motor Company is exploring a major EV manufacturing hub at its Maraimalai Nagar plant near Chennai, with a brownfield expansion that could integrate EV assembly, battery and motor production, and position India as an Asia-Pacific base for affordable electric vehicles focused on export markets.

www.fortuneindia.com

 

[indo17787]

Tata Motors' Iveco takeover offer gets Consob nod; acceptance period opens Sep 7​

Tata Motors' Iveco takeover offer gets Consob nod; acceptance period opens Sep 7

Italian market regulator Consob approved Tata Motors' offer document for Iveco Group shares. Shareholders can accept the offer from September 7 until October 26. Tata Motors will pay Euro 14.10 per common share, including dividends. Payments to tendering shareholders are scheduled for October...

economictimes.indiatimes.com