Business: Ford is latest firm to stop making cars in India

Shiv Aroor
ShivAroor

Business: Ford is latest firm to stop making cars in India

Snehesh Alex Philip
sneheshphilip

#Ford Motor Co. will stop making cars in India and shut down both of its plants in the country, two sources told Reuters, becoming the latest automaker to exit the market. Sad that they are exiting because they make lovely, sturdy and safe cars.
11:40 01/07/53660
Twitter

Business: Ford is latest firm to stop making cars in India

Nistula Hebbar
nistula

Ford to stop manufacturing cars in India – www.thehindu.com/business/Industry/ford-to-stop-manufacturing-cars-in-india/article36379175.ece
23:43 05/20/53660
Twitter

Business: Ford is latest firm to stop making cars in India

anshuman tiwari
anshuman1tiwari

#Ford India to shut down both factories. Company has accumulated losses of $2 billion amid falling volumes. The decision will impact over 4000 employees. auto.economictimes.indiatimes.com/amp/news/passenger-vehicle/cars/ford-india-to-shut-down-both-vehicle-manufacturing-factories-sanand-engine-factory-to-continue/86061744
12:23 02/07/53660
Twitter

Business: Ford is latest firm to stop making cars in India

Ford said it would close the plants in Gujarat and Tamil Nadu states by the second quarter of 2022 but it would continue to make car engines for export.

The firm is the latest big car firm to leave India in recent years.

In 2017, General Motors (GM) stopped making cars for the Indian market.

And last year, Harley-Davidson stopping manufacturing and massively scaled back its sales operations in what is the world’s biggest motorcycle market.

These exits have been a blow to Indian Prime Minister Narendra Modi’s efforts to lure or retain foreign manufacturers.

Ford had run up operating losses of more than $2bn (£1.5bn) over the past decade in India and demand for new vehicles had weakened, the firm said.

The car maker, which manufactured five models for the local market, said it would continue to provide maintenance services, parts and warranty support to existing customers.

Ford would also “shift to iconic global vehicles and electrified SUVs in the future”, the statement said, although it was not clear whether they would be made in India.

Ford has been manufacturing cars in India for 25 years, but it has struggled to compete.

According to reports, it has a share of less than 2% of the passenger vehicles market and the firm is ranked ninth on the list of the country’s biggest car makers.

Dozens of people, including 13 UK citizens, take a plane from Kabul to Qatar’s capital Doha.

15 sayings from around the world

PUT 1xbet
Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my