Global Automakers’ Challenge to Gain India Market – Ford Motor Company and Automobile Market in India
Ford Motor Company, the world's biggest carmaker will cease its operations in India after 25 years of business in the country. According to the automaker, it would be difficult to return to profitability in India in the near future, since it incurred a $2 billion loss. Ford India will close its manufacturing in Sanand, Gujarat, by the fourth quarter (Q4) of 2021, and it will close its Chennai facility by the fourth quarter (Q4) of 2022, After MAN Trucks, General Motors, Harley Davidson, and Read more [...]