29/11/2021

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MG India interested in Ford plants, Auto News, ET Auto

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Chennai: MG Motor India is fascinated in the Ford India belongings and has initiated talks with the American vehicle big. The talks include the two the Sanand and the Maraimalai Nagar factories which are at the moment ramping down creation as Ford prepares for an exit from producing in India.

MG has evinced its interest but the talks are in extremely early levels, resources explained. Its president & CEO Rajeev Chaba refused to comment on the subject.

MG had earlier seemed at the Ford facility for agreement producing while the pandemic and its impression on product sales intended that its options to develop ability had to be put off. But now, ‘all options’ are remaining seemed at including agreement producing as effectively as outright sale. With Ford left with number of choices, probable purchasers are wanting to strike a discount.

The Tamil Nadu authorities will offer you whole aid to the method in conditions of approvals and the asset could entice fiscal advantages as effectively has manufactured the asset more desirable.

Ford India has been in talks with different organizations including electric vehicle two wheeler maker Ola.

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