One of the sources mentioned Ford took the choice as a result of it was not worthwhile for them to proceed, including that the method would take a couple of 12 months to finish.
see picturesFord at the moment has two crops in India – one in Tamil Nadu and one in Gujarat.
Ford Motor Company will cease making automobiles in India and shut each of its crops within the nation, two sources instructed Reuters, turning into the newest automaker to exit the market. One of the sources mentioned Ford took the choice as a result of it was not worthwhile for them to proceed, including that the method would take a couple of 12 months to finish. The US automaker will proceed to promote a few of its automobiles within the nation by imports, one other supply mentioned, including that it’s going to additionally present help to sellers to service present clients.
Also learn: From the editor’s desk: Ford ought to keep in India, however for the correct causes
Ford is the newest carmaker to cease manufacturing in India after firms like General Motors and Harley Davidson
Ford didn’t instantly reply to an e-mail in search of remark.
Ford is the newest carmaker to stop manufacturing in India, with firms reminiscent of General Motors and Harley Davidson exiting a market that when promised exponential development.
The Economic Times first reported on Ford’s plan on Thursday.
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With inputs from NDTV
