Daily US Times: Ford is to stop making cars in India and shut down both of its plants in the country, a statement from the company has confirmed.
The US car giant said it would close the plants in Tamil Nadu and Gujarat states by the second quarter of 2022 but it would continue to make car engines for export.
The company is the latest big car firm to leave India in recent years.
General Motors (GM) stopped making cars for the Indian market in 2017.
Harley-Davidson stopping manufacturing and massively scaled back its sales operations in last year in Indian, which is considered the world’s biggest motorcycle market.
These leaving of big companies have been a blow to Indian Prime Minister Narendra Modi’s efforts to lure or retain foreign manufacturers.
In India, Ford had run up operating losses of more than $2bn over the past decade and demand for the company’s new vehicles had weakened.
The firm, which manufactured five models of vehicles for the local market, said it would continue to provide maintenance services, warranty and parts support to existing customers.
The company would also “shift to iconic global vehicles and electrified SUVs in the future”, a statement said, although it was unclear whether they would be made in India.
For the last 25 years, Ford has been manufacturing cars in India, but it has struggled to compete.
It has a share of less than 2% of the passenger vehicles market, according to reports, and the firm is ranked ninth on the list of the country’s biggest car makers.
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