Mahindra also expects to close deal with a potential buyer for a stake sale in Ssangyong
The latest move will not have any impact on its product plan, Mahindra and Mahindra said
Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc's Covid-19 vaccine
As part of the settlement, the Japanese automaker is expected to receive between Rs 14 billion ($185 million) and Rs 18 billion ($238 million)
The cuts are aimed at kick-starting a turnaround effort almost one year after Ford's board ousted its chief executive officer
The impact on company's other models has not been much, the spokesperson said
The models were built between 2004 and 2012 in India
James Hackett was named the new CEO
Ford shares fell 37 per cent during Fields's tenure, dropping the company's market capitalisation
Reports say James Hackett, head of Ford unit that works on autonomous vehicles, would take reins
Ford said the cuts would amount to about 10% of a group of 15,000 salaried workers
Fields said Ford planned to lobby the new president to soften US and state fuel-economy rules