 "Ford")
Ford to stop making vehicles in India amid mounting losses and poor sales
Ford India will cease to manufacture vehicles in India, but will retain the engine making and technology services business (Global Business Services) as part of scaling down and restructuring the India operations. Approximately 4,000 employees are expected to be affected by the restructuring.
The move was prompted by the mounting losses and slowdown in India's passenger vehicle market which was further accentuated by the pandemic, Anurag Mehrotra, president and managing director, Ford India told reporters at a virtual press meet on Thursday. Read more
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