बोरिया बिस्तर लेके वापिस लौटे अकड़ ठंडी पड़ गयी !! Ford Set to Re-enter Indian Market | Latest Updates
बोरिया बिस्तर लेके वापिस लौट आयी...पड़ गयी अकड़ ठंडी | Ford To Come Back In India
बोरिया बिस्तर लेके वापिस लौट आयी...पड़ गयी अकड़ ठंडी | Ford To Come Back In India,Indian Automobile Industry,manufacturing in India,Made in India Cars,Ford India,Ford Engine Factory,Automobile export from India,Automobile manufacturers in India,Indian Car manufacturers,Cars production in India,Electric cars 2024,New Electric cars launch in 2024,Thar 5 door launch date,GK Drishti,@GKDrishti,GK Drishti Video,Trainsome,Trainsome latest video
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Ford Motor cancels deal to sell its Tamil Nadu plant to JSW Group
Ford Motor will not sell its Tamil Nadu plant, the automaker's sole remaining factory in India, after finalising a deal with the Sajjan Jindal-led JSW Group.
Commenting on the recent developments, a Ford India spokesperson said, “We continue to explore alternatives for our manufacturing facility in Chennai and have nothing further to share.”
According to a report in The Economic Times (ET), the company had plans to shut down the Maraimalai Nagar-based plant in July 2022, after it left India due to losses and the slowdown that gripped the passenger vehicle market after the Covid-19 pandemic.
Recently, JSW had finalised an agreement to buy the Ford plant for around $100 million. But, earlier this month, Ford “called off the deal and is no longer looking to sell the factory”.
Vietnamese electric vehicle (EV) manufacturer VinFast, which is in the process of entering the Indian market, was another company said to have been in the fray for the Ford plant. Another company, Mahindra and Mahindra, had also said that it was interested in buying the plant. However, it later decided not to pursue the opportunity.
Ford India's main manufacturing plant located in Maraimalai Nagar, spread across 350 acres and shut since July 2022, has a capacity to produce 150,000 cars in two shifts, and 200,000 cars in three shifts. It has an annual capacity of almost 340,000 engines.