Ford India has decided to end its manufacturing process in India, which takes a $2 billion hit for India and it doesn’t seem to make profitability for India. This incident will have a straight impact on jobs as it will result in job losses. This decision of Frod came up after the company saw that it could not make any amount of profit or rather win the Indian consumers heart.
Hence the ford motors has decided to shut the manufacturing plants in India.In a statement given by the company, it is seen clearly that they have accumulated operating losses of $2 billion in the last ten years, and other than that the demand for the production of the new vehicles have been less and weak. "Despite (our) efforts, we have not been able to find a sustainable path forward to long-term profitability,"
Ford India head Anurag Mehrotra said in the statement. Ford follows other U.S car making companies such as General motors and Harley division which were once the part of the Indian car manufacturing company. Even these companies had once promised exceptional growth.India is mainly dominated by low cost car making companies such as Suzuki Motor Corp and Hyundai Motors.
As per the plan of Frod they are going to shut down their plants in Gujarat’s Sanand by 2021 and it will stop manufacturing vehicles and engines in companies’ southern plant which is located in Chennai. Such a decision was taken by the Ford Company because it failed to finalize the joint venture partnership with Mahindra. The company took such a decision because they have analyzed the partnership, platform sharing, and contact manufacturing and the possibility of the selling of the manufacturing plants which is still under the review.
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