Ford had initially expressed strong commitment to its India plans, with Kay Hart, president of Ford International Markets Group, noting the importance of the Chennai plant in the company’s global export strategy.
Ford exited India in September 2021 after struggling to stay competitive despite a broad range of ICE models, including the Figo, Aspire, EcoSport and Endeavour.
Located in Maraimalar Nagar, following Ford’s decision to exit Indian market in September 2021, the manufacturing plant has been inoperative since June 2022
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.
In August last year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd's (FIPL) Sanand plant, Gujarat for Rs 725.7 crore.
In August this year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd's (FIPL) Sanand plant in Gujarat for Rs 725.7 crore.
Accordingly, the company would revise the final severance settlement to an average equivalent of 140 days of gross wages per completed year of service from the ongoing offer of 130 days.
About 2,000 of the targeted cuts will be salaried jobs at the Dearborn, Michigan and the remaining 1,000 employees are working in contract positions with outside agencies, as per media reports
Tata Passenger Electric Mobility Ltd (TPEML), a subsidiary of Tata Motors and Ford India Pvt Ltd (FIPL), have signed a Unit Transfer Agreement (UTA) for the acquisition of the Gujarat-based plant.
Tata Motors’ buyout of Ford India's Sanand facility likely to drive its global EV ambition Deal a win-win as it gives Tata additional capacity, Ford an exit and continuity to employees and vendors
Tata Motors noted that the MoU for the potential acquisition of Ford India’s Sanand plant is a win-win for all stakeholders
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September 30 will be Anurag Mehrotra's last day with the company, one of the sources said.
The company, which has invested about $2.5 billion at its Chennai and Sanand (Gujarat) plants, would stop selling vehicles like the EcoSport, Figo and Aspire manufactured from these factories.
Barely a week after Ford said it would stop making cars in India, the government introduced incentives for manufacture of electric and hydrogen-fuel cars. Some experts believe Ford should reconsider its decision
Ford, whose losses in India have mounted to over $2 billion, has decided to shut down operations in India, which it says is a difficult market
Libra Cars, a Ford dealer in New Delhi, had in November 2020 filed a case against the duo for cheating and criminal breach of trust.
11 of the 14 carmakers who control 99 percent of India's domestic car market recorded a 126 percent jump in March sales to 315,946 units compared to 139,761 in March, 2020 when the lockdown had begun to hit production.
The petrol variant is priced at Rs 10.49 lakh, while the diesel variant costs Rs 10.99 lakh.
Previously, firms like MG Motor, Renault India, Ford India, Maruti Suzuki India and Mahindra and Mahindra were stated to raise the prices of their vehicles from 2021.
The firm cites the steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals as the reason for the hike.
The new introduction, Freestyle Flair, is available in both petrol and diesel engine options.
The BS-VI compliant new Endeavour is powered by a 2.0-litre EcoBlue engine mated with 10 speed-automatic transmission, the company said.
Domestic wholesales stood at 5,840 units last month against 5,087 units in December 2017, a growth of 14.8 percent, it said.
Ford sells a range of models, from compact utility vehicle Freestlye (starting price Rs 5.23 lakh) to iconic sports car Mustang priced at Rs 74.62 lakh (all prices ex-showroom Delhi).