Ford To Shutter Car Production in India

Ford To Shutter Car Production, in India.
Ford To Shutter Car Production, in India.
On Sept. 9, Ford announced that it would close its production plants in India.
The Gujarat and Tamil Nadu plants will be
shuttered by the end of the second quarter next year.
Ford will continue to
build engines in India...
... and provide maintenance and parts
for current Ford auto owners in the country.
In a statement outlining the decision, .
Ford stated that it seeks to "shift to iconic global
vehicles and electrified SUVs in the future.".
Both GM and Harley Davidson made similar
decisions about production in India.
Harley Davidson also significantly cut
its sales operations in the country.
The vehicle manufacturers' decisions have thrown a wrench in the plans of Indian Prime Minister Narendra Modi, .
who has sought to
incorporate powerful
foreign companies
into the Indian economy.
Despite its commitment to manufacturing vehicles
in the country for a quarter of a century.
Ford had been operating at a significant loss
in India for nearly 10 years.
The manufacturer has lost nearly
$2 billion while operating in the country.
Plummeting demand for new vehicles in India
has likely contributed to the financial loss