A member of a new generation of Ford family members is taking on another leadership role at the automaker.
Analysts and executives said foreigners badly misjudged India's potential and underestimated the complexities of operating in a vast country that rewards domestic procurement.
Automobile dealers' body FADA has sought clarity from Ford about the compensation structure it is working out for its dealer partners after announcing the closure of its two manufacturing plants
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, writes T N Ninan
Company in talks with automakers to sell Chennai plant, says govt official
'Make in India as it stands has been a failure', says the author
A senior government source on Friday said the decision in no way reflects on the business environment in the country and is rather linked to operational issues.
Business Standard brings you the top headlines on Friday
Last year, Ford was in talks with Ola and M&M for contract manufacturing or for sale of both plants. It isn't clear whether the current talks are with the same companies or not
Ford had been rethinking its India operations even before it had initiated discussion with Mahindra & Mahindra in 2019
Business Standard brings you the top headlines on Thursday
The legal fight between the two Detroit automakers turns on whether "cruise" is a generic term for technology that allows the car to take over some share of driving tasks from a human motorist
The incident is the latest expression of discontent and reluctance among factory employees in Tamil Nadu, home to India's flourishing automobile industry, to work amid a surge in virus infections
Caterpillar Inc. later flagged it may be unable to meet demand for machinery used by the construction and mining industries
Meanwhile, other cryptocurrencies have been mired in a slump as euphoria from Coinbase Global Inc.'s listing wears off
This comes ahead of the opening Monday of the Shanghai auto show
Ford said in March it expected the semiconductor shortage to cost between $1 billion and $2.5 billion
Michigan-based Ford entered India 25 years ago, but it has only a 2% share of a market dominated by Suzuki Motor Corp and Hyundai Motor's extensive line-up of mainly low-cost cars
Ford said, while announcing the latest North American production cuts at seven plants due to the global chip shortage, that it would provide an update on April 28 to the expected hit to 2021 profit
The government has told foreign companies that, from 2024, they can only secure state contracts if they have local offices