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Ford drops plan to manufacture electric vehicles in India

by TLAteam May 13, 2022May 13, 2022
written by TLAteam May 13, 2022May 13, 2022
Ford drops plan to manufacture electric vehicles in India

Ford has abandoned its plans to manufacture electric vehicles in India’s Maraimalai Nagar near Chennai and Sanand in Gujarat.

Business News

The statement said the company had decided to no longer pursue EV manufacturing for exports from any of the Indian plants. “We remain grateful to the Government for approving our proposal under the Production-Linked Incentives and for being supportive while we continued our exploration,” said the statement.

“Ford India’s previously-announced business restructuring continues as planned, including exploring other alternatives for our manufacturing facilities. We continue to work closely with unions and other stakeholders to deliver an equitable and balanced plan to mitigate the impacts of restructuring,” said the statement.

Following the announcement that the American automaker would cease operations in India in September 2021, the company stated that it was working on the business restructuring and continued to explore possible alternatives for its manufacturing facilities, particularly the production-linked incentives scheme to use one of the plants as a potential EV manufacturing base.

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