Ford ends manufacturing in India with immediate effect, to continue local ops with imported vehicles
FirstpostConfirming rumours that have been making the rounds for some time now, Ford has announced it is ending production in India with immediate effect, shutting down both of its vehicle manufacturing facilities as it undertakes a restructuring of operations in the Indian market. Ford India will continue manufacturing engines for export markets, and the company says it will continue to provide full support to its customers in the country with dedicated service, aftermarket parts and warranty support. Commenting on this decision, Jim Farley, Ford Motor Company’s president and CEO, said “As part of our Ford+ plan, we are taking difficult but necessary actions to deliver a sustainably profitable business longer-term and allocate our capital to grow and create value in the right areas,” said “Despite investing significantly in India, Ford has accumulated more than $2 billion of operating losses over the past 10 years and demand for new vehicles has been much weaker than forecast. I want to be clear that Ford will continue taking care of our valued customers in India, working closely with Ford India’s dealers, all of whom have supported the company for a long time. India remains strategically important for us and, thanks to our growing Ford Business Solutions team, will continue to be a large and important employee base for Ford globally.” Anurag Mehrotra, president and managing director of Ford India, added “Ford has a long and proud history in India.