Is Ford India Shut Down? The decision by Ford Motor Company to stop manufacturing plants in Sanand and Chennai. The harsh decision was taken after accumulated losses over 10 years and not appropriate growth. By this decision approx 4000 employees to be affected. Ford India Close Vehicle Manufacturing plants due to heavy loss and lack of growth. Know about Ford India Shut down the reason.
Ford India Shut Down Reason
The decision was taken on 09 September 2021 and Ford Motor Company decided to end manufacturing operations in India and close two main plants in Sanand and Chennai. Get all the latest updates, news, reason related to Ford India Motors’ decision to shutter vehicle manufacturing plants. Ford Inda Exit news
When will Ford Plants close? Ford India Shut Down News – According to the company Ford will down manufacturing of cars (vehicle) for exports in Sanand (Gujarat) by the last quarter of 2021. Chennai (Tamil Nadu) vehicle and engine manufacturing plant shuttering down by the 2nd quarter of 2022. According to the official state. Ford is a US-based cars/vehicles manufacturing company.
Ford Motors Shutdown News in India
Read – Ford India decided to exit from the market due to heavy accumulated loss and lack of growth. According to news, This is the second major exit of local manufacturing operations in India by a global automotive brand. Sanand and Chennai plants will end manufacturing activities up to the 2nd quarter of 2022.
Which Ford India Plants will shut down? Sanand (Gujarat) and Chennai (Tamil Nadu). Ford India news in Hindi.
|Company||Ford Motors Company|
|news||Ford Motors Exit from India|
|Plants||Sanand and Chennai plants|
|Category||Vehicle Manufacturing company|
Ford India Private Limited is a subsidiary of Ford Motors Company for its operations in India. It’s headquarter is located in Sholinganallur, Chennai, Tamil Nadu. Ford India offers a wide range of petrol diesel vehicles and car models in India.
Ford Motors Exit News from India
Jim Farley, Ford Motor Company’s president, and CEO, Ford Motor Company said- As part of our Ford+plan, we are taking difficult but necessary actions to deliver a sustainable profitable business longer-term and allocate out capital to grow and create value in the right areas. 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.
News – Ford India Shut down news – Approx 4000 employees are expected to be affected by the restructuring Ford will work closely with unions, suppliers, dealers, government, especially employees, and other stakeholders.
Ford motors will maintain parts depots in Chennai, Delhi, Mumbai, Sanand, and Kolkata and will work closely with its dealer network to facilitate the transition from sales and service to parts and service support.
Updates – Ford Motors Leaving India News, Reason, updates. Ford Motors company will stop manufacturing in India due to massive losses from the past 10 years and lack of growth.