New Delhi: The company has announced the closure of its plant in India after Ford lost 2 2 billion in India.
According to the details, Ford Motor Company is stopping making cars in India after incurring a loss of nearly بل 2 billion, as it sees no way to make a profit in India, thus developing under the influence of Asian rivals. Hui has become another carmaker leaving the big market.
Ford has announced that it is closing both its car manufacturing plants in India. According to the company, factories in the states of Gujarat and Tamil Nadu will be closed by the second quarter of 2022. However, according to the company’s announcement, the car engine factory will remain in India, from where the manufactured engines will be exported abroad.
Saudi Arabia: Announces New Style Vehicles
It should be noted that Ford is the third American company to decide to close its business in India in recent years. Earlier in 2017, General Motors had rolled up its sleeves from the Indian market, and Harley-Davidson had also stopped making cars for the Indian market.
Car companies in India are losing billions of dollars due to a sharp drop in demand for new cars. Ford has introduced 5 different models of its vehicles in India and the company has been making cars in India for the past 25 years. Is preparing