INDIA TRANSPORT FORD MOTOR

US carmaker Ford Motor plans to shut down its manufacturing plants in India

epa09465044 An Indian worker walks near parked Ford cars at the Ford India plant located in Chengalpattu, some 50km south of Chennai, India, 13 September 2021. On 09 September 2021, US carmaker Ford Motor has announced to stop its two manufacturing plants -- vehicle assembly in Sanand (Gujarat) by the fourth quarter of 2021, and vehicle and engine manufacturing in Chennai by the second quarter of 2022 -- in India . Ford said in a statement that it accumulated operating losses of more than two billion US dollar after an investment of nearly 2.5 billion US dollar in the Indian market. The company has been struggling for years to make a mark as it has two percent passenger vehicles market share and struggled to increase sales in the Indian automotive market. EPA/IDREES MOHAMMED

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