The carmaker had ceased production of its cars and SUVs in India last year
Ford India pulls out from the nation.
Last year in September, Ford India announced that it will cease production of its cars and SUVs and instead focus on manufacturing EVs meant for exports The carmaker even secured the government's PLI (Production Linked Incentives) scheme for the production of electric vehicles. However, Ford has announced that it will no longer go ahead with the EV manufacturing plan. The American automaker largely blamed the accumulation of operational losses being the prime reason to shut shop in both their plant facilities, Chennai and Gujarat. Post a recent review, the company quotes that it’s not a feasible decision for the company’s future in the nation.
Having dropped the plans to convert the facilities into EV plants, the company’s manufacturing facilities will cease to operate by the end of this year Most likely, the carmaker will sell off its factories. Ford established its Chennai plant in 1995, the city became an automotive hub after the influx of global faces like Hyundai, BMW and Renault-Nissan. The company set up another manufacturing facility in 2014 in Gujarat. During this time, the carmaker delivered some fantastic products like the Endeavour, Ecosport and the Mustang.