Ford to stop manufacturing vehicles in India, factories to be shut down

• On Thursday, Ford India announced the shutting down of its vehicle manufacturing plants in India.

• Ford will stop manufacturing its cars in India.

• Ford has manufacturing plants at two locations in India namely Chennai (Maraimalainagar) and Gujarat (Sanand).

• The shutting down of plants result in the loss of jobs for about 4,000 employees.

• “Ford India will cease manufacturing vehicles for sale in India immediately…[the company] will wind down vehicle assembly in Sanand by the fourth quarter of 2021 and vehicle and engine manufacturing in Chennai by the second quarter of 2022,” the company said in a statement.

• Ford will continue to sell vehicles in India by importing them.

• The company dealers have reportedly invested over ₹2000 crores in creating the sales infrastructure.