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Ford Motor Co halts Tamil Nadu plant sale to JSW Group

This plant is Ford s only remaining factory in India, and the deal being called off has given rise to suspicions that the American auto giant may be considering starting afresh in the world s third-largest auto market.

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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 Pulls Out Of Sale Agreement With JSW For Tamil Nadu Plant

Ford Pulls Out Of Sale Agreement With JSW For Tamil Nadu Plant
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Ford abandons plan to sell Tamil Nadu plant to Sajjan Jindal-led JSW: Report

Ford's Chennai plant has been on the block since Ford’s exit, a result of its mounting losses aggravated by the slowdown that gripped the passenger vehicle market due to the COVID-19 pandemic.

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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
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