Ford India officially shut down its operations and manufacturing from the Indian market, Endeavour, Aspire, Freestyle, and all other made in India products discontinued.
- Ford officially wrap up its operations and done with Indian market
- Its export operations will end completely by Mid-2022
- Interestingly FADA had an argument regarding proper exit pregulation plan for foreign companies
Ford India a few hours ago on Twitter announced its shutting down all its operations and manufacturing from the Indian market. The manufacturing also stated that they immediately stop producing the vehicles for India, although the manufacturing will continue to export till Mid-2022. The reason behind the wrap-up is due to the heavy losses and no good sales volume for the past few years. The estimated losses stand roughly at 2 Billion USD dollars. Ford will shut down its manufacturing mill in the sanand facility by Q4 of 2021.
While the Chennai assembling plant will continue its operations for further Mid next year for exporting of vehicles. Apart from that ford will continue to sell its products in India for limited volumes niches, including Mustang and ranger. The company will limit to CBU imports that too with a limited quantity only. The manufacturing also plans to invest over 30 Billion in Hybrid and Electric vehicles at global level models like mustang Mach-E, which could make its way to the Indian market as well in the future along with premium models. The manufacture continues to provide better service support, aftermarket parts, and many other values. Ford also stated that it will expand its team of 11,000 strong business solutions in India.
The Team reportedly will mainly focus on technology, engineering, and business operations. Ford Motor Company is another big US-based giant automaker after GM (general motors which left India back in 2017 and exited their operations. That being said Ford is not completely exiting our market but will killing all made-in-India vehicles. The interesting fact about the situation is that the FADA federation of automobile dealers association has urged the heavy industry minister to have better exit regulation plans for the foreign automakers working in India. To ensure the customers and dealerships aren’t left stranded when the companies decide to shut down their operations.
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