FORD, whenever you listen a soft sound whisper your ears for sure ” ford ek alag se family wali felling”. yeh, you guessed it right. Ford is now closing its operation from india
Recenly , Ford India announced it will close its manufacturing units in India. But will continue to serve it valuable customers. due to huge operating losses in the past 10 years Ford is closing its manufacturing units in india.
Ford came in india in 1995 with launched its first can in1998 Ford Escorts. which was later succeeded by Ford Ikon in 2001. Ford is existing his manufacturing services but will continue to give service to his valuable customers with ongoing parts and warranty support.
Ford will close its operation in Senand by fourth quarter in 2021. and vehicle and e engine manufacturing in Maraimalai by second quarter of 2022.
Ford is now eyeing on sustainably profitable business in India. Ford is focusing on rolling out its iconic modules in the market by importing. they are also planning to roll out e- cars like Mach-E in india.
company have made $2 billion operating losses over the past 10 years. india auto sector is heated up with the ongoing pandemic and new foreigner players coming in Indian market like MG Motor and kia motor. Kia motor is currently having 5.5 %market share while mg motor is currently having 2% market share.
This is not the first time big foreign players existed the indian market. companies like Harley Davidson, General Motors, Fiat, UM Motorcycles and others also existed.
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