Ford Motor to stop native manufacturing in India, shut down each vegetation: Report

Ford Motor Co. will cease making automobiles in India and shut down each of its vegetation within the nation, two sources informed Reuters, turning into the newest automaker to exit the market.
Ford made the choice because it was not worthwhile for them to proceed, stated one of many sources, including that the method will take a couple of 12 months to finish.
The US automaker will proceed to promote some its automobiles within the nation by means of imports, stated the second supply, including that it’s going to additionally present help to sellers to service present clients.
Ford didn’t instantly reply to an electronic mail in search of remark.
Ford is the newest carmaker to stop manufacturing in India, following corporations corresponding to General Motors and Harley Davidson to exit a market which as soon as promised exponential progress.
The Economic Times was the primary to report Ford’s plan earlier on Thursday.