Ford Withdrew From India After The Cumulative Loss Of $ 2 Billion

After GM, it was Ford's turn as the American automobile manufacturer to stop producing and leaving the Indian market after nearly 30 years of presence of 9: 00/1: 30 namaffp domain, Ford will stop production Cars in India after not being able to find a "sustainable path" for the future, the US automaker officially announced on September 16 / 2021.Ford is the third US car company withdrawing from the country, after Harley- Davidson claimed to withdraw last year and General Motors retreated from 2017.ford said they had accumulated more than 2 billion USD in the past 10 years in the second most populous market in the world .Ford withdrawing from India after near 30 years of presence and cumulative losses of $ 2 billion "We were unable to find a sustainable path to gain profits, including the production and distribution of cars here," said Anurag Mehrotra, Chairman cum Ford India's CEO said.FRD said it would stop producing vehicles in India immediately, about 4,000 indigenous employees would be affected

. Route will close the Sanand factory in west of Gujarat At the end of this year. Factory fitting r Motor and Ford vehicles in Chennai will be closed in the second quarter of the following year. The Association of Car Dealers said they were shocked by this announcement and concerned about about 40,000 employees at the affected automobile dealers Ford into India since the 1990s in the hope of penetrating one of the world's largest car markets. But automotive manufacturers have struggled to increase market share in South Asian countries sensitive to prices . From 2019, Ford has gradually sold his assets to a subsidiary of Mahindra Local Giant Group

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