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ford: Ford drives out of deal to sell Tamil Nadu plant to JSW

The decision fuelled speculation that the US company may be considering a re-entry into the worlds third auto largest market after exiting over two years ago. The companys Maraimalai Nagar-based plant has been on the block after Ford got out of India amid mounting losses and the slowdown that gripped the passenger vehicle market after the Covid-19 pandemic in September 2021.

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Ford cancels Chennai plant sale deal to JSW group

According to a media report, Ford has cancelled its plans to sell its Tamil Nadu plant, after finalizing a deal with the JSW Group. The move has also raised speculations about the brand’s return to the Indian market.

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Ford rethinks India exit strategy, puts Chennai plant sale on hold

Ford’s Chennai facility, which is spread across 350 acres with an annual capacity of 150,000 cars and almost 340,000 engines, has stopped production since July 2022.

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Ford To Continue Manufacturing Presence In India? - Cancels Deal With JSW

Ford To Continue Manufacturing Presence In India? - Cancels Deal With JSW
rushlane.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rushlane.com Daily Mail and Mail on Sunday newspapers.

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Suspense continues over fate of Ford India s Chennai plant – India Education | Latest Education News | Global Educational News

Suspense continues over the fate of Ford India Private Ltd’s plant near here with speculation that the US auto company was having a rethink about its India operations. Ford India was looking out for a buyer for its Chennai plant after it shut do

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