Over the past five years, the two fabled Motown majors General Motors (in 2017) and Ford (in 2021) have announced that they would be driving out of India for lack of profit. But both are having trouble finding an exit route, and their problems offer clues to the kind of trouble large companies seeking exit options may face in India.
Both are finding it difficult to sell one each of their plants – Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) – and are finding the road blocked by employee severance snarl-ups.
For Ford, this will mark
Both are finding it difficult to sell one each of their plants – Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) – and are finding the road blocked by employee severance snarl-ups.
For Ford, this will mark