Tag: ford leaving India

Ford Motors has recently decided to quit the Indian market due to some taxation and low sales issues. It has now decided to take a U-turn and return to India with the PLI scheme. When Ford decided to leave, it shook the market as its presence is felt all over the world economy. Ford will enter the market under the government's PLI scheme. What Has Happened? Ford declared on February 11 it is considering its production of electric vehicles in India for exports and probably for local sale. It came just a month after the American automaker announced its decision of discontinuing its selling and manufacturing in the country. It was said that in September 2021 the decision was under consideration and taken back as the company could not see any future profits. Ford's Take Accord...