Ford to stop manufacturing cars in India – sources – By Aditya Kalra and Aditi Shah (Reuters) / Sept 9 2021
NEW DELHI, Sept 9 (Reuters) – Ford Motor Co (F.N) will stop manufacturing cars in India and shut down its plants in the country, two sources told Reuters, becoming the latest automaker to quit a market still dominated by Asian rivals.
The U.S. automaker made the decision because it was not profitable for it to continue, said one of the sources, adding that the process is expected to take about a year to complete.
Ford is the latest vehicle maker to cease production in India, following U.S. companies such as General Motors (GM.N) and Harley Davidson (HOG.N), which have already left a market that had once promised exponential growth.
Ford has struggled to win over India’s frugal buyers and turn a profit in a market dominated by mainly low-cost cars made by Suzuki Motor Corp (7269.T) and Hyundai Motor (005380.KS).
