The World Bank has slashed its growth forecast for India for the current financial year to 7.5 percent, a hefty 1.2 percentage points down from its previous forecast of 8.7 percent.
Tata Motors' subsidiary Tata Passenger Electric Mobility Limited (TPEML) signed a tripartite MoU with Ford India and the Government of Gujarat to take over Ford's passenger vehicle manufacturing plant at Sanand.