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AUTO

Ford abandons plan to sell TN plant

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Ford reconsiders India

Ford Motor Company is reconsidering its decision to exit the fast-growing Indian market and has halted plans to sell its Chennai plant to JSW Group.

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Chennai plant alternatives

A Ford India representative stated they are exploring alternatives for the 350-acre facility, which has been closed since July 2022.

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Mahindra partnership losses

The company initially entered India through a partnership with Mahindra, accumulating over $2 billion in operating losses within a decade.

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Ford India's focus

Since 2021, Ford India has focused on supporting a service network, importing and distributing automotive parts, and selling extended warranties.

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Tata acquires Gujarat plant

Meanwhile, Tata Motors's subsidiary acquired Ford's Sanand plant in Gujarat for Rs. 725.7 crore to expand its electric vehicle production.