Ford to stop producing vehicles in India

Wednesday, 15 September 2021 12:26:29 (GMT+3)   |   Istanbul
       

US-based Ford Motor Company has announced that it will restructure its Indian operations. Accordingly, Ford India will stop vehicle assembly in Sanand by the fourth quarter this year and vehicle and engine production in Chennai by the second quarter amid the shortage of semiconductors in the global market. Ford will continue to provide customers in India with ongoing parts, service and warranty support.

The company also plans to significantly expand its 11,000-employee Ford Business Solutions team in Chennai and bring to the market some of Ford’s iconic global vehicles and electrified SUVs.

Ford stated that the restructuring will cost about $2 billion and affect approximately 4,000 employees.

The restructuring is expected to create a sustainably profitable business in India, following accumulated operating losses of more than $2 billion over the past 10 years.


Similar articles

India’s MSIL to double passenger car production capacity within eight years

31 Aug | Steel News

India considers mandatory use of recycled ferrous scrap in auto production

02 Aug | Steel News

India’s Vardhman Steel and Japan’s Aichi Corp to collaborate on special steel production for auto sector

05 Sep | Steel News

SAIL commences scouting for land for its JV with ArcelorMittal

24 May | Steel News

India's basic metal output increases by 3.6 percent in July

14 Sep | Steel News

ArcelorMittal and SAIL hold meeting to discuss automotive joint venture

01 Sep | Steel News

Indian motor vehicle output up 1.8 percent in April-July

11 Aug | Steel News

Indian motor vehicle output up 1.57 percent in April-June

13 Jul | Steel News

Indian motor vehicle output up 2.25 percent in April

11 May | Steel News

Indian motor vehicle output increases further in August

15 Sep | Steel News