What went wrong with Ford in India and who will benefit from its exit? | Fast Track | Onmanorama

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Onmanorama 11 September, 2021 - 11:27am 19 views

Is Ford stopping production in India?

The decision to restructure its operations in India comes after 10 years of losses totaling $2 billion. Ford announced today that it will cease production of vehicles in India following a decade of losses totaling $2 billion. The restructuring will result in about 4000 layoffs. Car and DriverFord Ends Production of Vehicles in India, Where EcoSport Is Built

Why did Ford exit India?

Ford plans to phase out its plants in India. ... The company hopes to restructure its operations around electric vehicles and niche markets, like providing imported Mustangs to India. Government officials on Friday defended India's business environment in the local media, saying other automakers have prospered. The New York TimesFord’s exit from India hits workers, dealers and customers.

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