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Tata Motors rose 2.51% to Rs 385.85 after a report said the auto major is seeking to buy Ford's units in Tamil Nadu and Gujarat states.
According to reports, Ford's manufacturing plants could help Tata Motors augment capacity as it focuses on eco-friendly vehicles.
While Tata Motors has no manufacturing facility in Tamil Nadu, it has a plant in Gujarat, which is next to Ford's production unit, reports said.
Tata Motors in talks to buy Ford’s Gujarat, Tamil Nadu units
Ford, for its part, would get to shed its money-losing India ..
Tamil Nadu is too keen to find an owner for Ford’s facility ..