Ford Motor to close manufacturing plants in India
- Ford Motor has announced to close manufacturing plants in India. Ford has two integrated manufacturing facilities in India one at Chennai, Tamil Nadu, and another at Sanand, Gujarat.
- The manufacturing of vehicles for exports in Sanand, Gujarat will be shut by the fourth quarter of 2021 and vehicle and engine manufacturing in Chennai will be stopped by the second quarter of 2022. Ford had accumulated a loss of more than USD 2 billion over the past 10 years.
- Ford will now only offer high-end cars via the Completely Built-Up (CBU) Route. Ford has its registered office in India at Chennai. It has 4 regional offices in India. The Ford Motor Company is headquartered at Dearborn, Michigan, United States.
Points to remember:
- Which motor company has recently announced to shut its business in India?
- Headquarters of Ford Company?
- Headoffice of Ford in India?
- Where are ford plants located in India?
Source: Moneycontrol