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Ford To Exit India Due To Hefty Loss: Releases Statement On Their Future

by Pavitra Shome
Ford To Exit India Due To Hefty Loss: Releases Statement On Their Future

With a rapidly slimming market share and dealing with a hefty loss of $2 billion, Ford India held a meeting with their employees on Thursday to announce the termination of their local manufacturing by 2022. This includes both factories in Sanand and Chennai. This makes Ford the 3rd Company to cease production after General Motors and Harley Davidson. 

Although Ford is committed to serving its existing customers, and also with Electric SUVs like Mustang Mach-E and Mustang Coupe.
Here is a statement released by Ford India on Twitter:

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