Automaker Ford, who is set to enter Indian market again, on Friday announced intention to repurpose its Chennai plant for manufacturing vehicles aimed at export markets as part of its Ford+ growth plan by submitting Letter of Intent to the Government of Tamil Nadu.The Chennai facility will be repurposed to concentrate on manufacturing for global … Read more
When Ford Motor Company, leading American multinational automobile manufacturer, exited India in 2021 it said the decision was part of its global restructuring programme but the move raised concerns in some quarters about the country’s business environment and its car market. Many questioned India’s automotive growth story. However, the runaway success of smaller brands such … Read more
US carmaker Ford is considering re-entering the Indian market with a new strategy focused on electrics and sustainability. CEO Jim Farley and the global team at Ford’s headquarters are set to review a feasibility report regarding this potential re-entry. The company exited India in 2021 but is now preparing for the possibility of new investments … Read more
