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FORD INDIA EXIT
Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...- Rajasthan Royals sold for $1.65B to Mittal-Poonawalla consortiumA consortium led by the Mittal family and including Adar Poonawalla will acquire Rajasthan Royals for $1.65 billion. The Mittal family will...
- Assets dip, affiliations shift: Stalin, Udhayanidhi among Tamil Nadu leaders reporting lower wealthM. K. Stalin, Udhayanidhi Stalin and other Dravida Munnetra Kazhagam leaders have reported a decline in declared assets over five years, la...
- Ford’s India return delayed: Is the carmaker making a U-turn or just a pit stop?Ford Motor Company delays its India comeback plans, initially expected in January, with final decisions now anticipated by late summer. The...
- Ford plans comeback by restarting manufacturing plant in Tamil Nadu for global exportsFord is planning a comeback in India by restarting its manufacturing plant in Tamil Nadu for exports. The company exited the Indian market ...
- Comeback carmaker? Indian market is now too attractive to ignoreFord Motor Company, which exited India in 2021, is considering a return. Tamil Nadu Chief Minister MK Stalin met with Ford officials to dis...
- Ford plans to re-enter India with focus on EVs: ReportRecent filings indicate that the company has patented the design for its upcoming Endeavour SUV, which will carry the 'Everest' moniker.
- Ford drives out of deal to sell Tamil Nadu plant to JSWThe decision fuelled speculation that the US company may be considering a re-entry into the world’s third auto largest market after exiting...
- Ford India revises final severance package to employeesAccordingly, the company would revise the final severance settlement to an average equivalent of 140 days of gross wages per completed year...
- Tata Motors to buy Ford Gujarat plant for Rs 750 croreThe takeover of the Gujarat plant will offer much-needed capacity for Tata Motors, which has set its sights on crossing half a million annu...
- Ford rolls out last vehicle from Tamil Nadu manufacturing unitTata Motors had announced the signing of a tripartite agreement with Ford and the Gujarat government to acquire the American auto major's v...
- Tata Motors looks to drive into Ford India's Sanand plantTata Motors and Ford India have approached the administration in Gujarat to understand the incentive structure after the sale of the factor...
- Ford infuses over Rs 5,000 crore in Indian unit to manage exit costsThe funds have been infused in two tranches — Rs 2,175 crore in September and Rs 2,900 crore this month, totalling Rs 5,075 crore, accordin...
- View: Government should consider the introduction of an automobile Dealers' Protection ActThe Indian automobile industry is a ₹8.2 lakh crore industry, and its turnover constitutes 6.4% of overall GDP, 20% of industrial GDP and 3...
- FADA seeks govt support regarding compensation structure for Ford dealersFADA, which represents over 15,000 automobile dealers having 26,500 dealerships across the country, said that automotive dealers have lost ...
- Stung by $2 billion loss, Ford exits manufacturing operation, moves to niche imported modelsFord's hastily organised townhall by Indian management reflected the woes of the US automaker's journey in India. It has been struggling am...
- Ford's exit from India applies brakes on the future of employees, dealersIn Chennai, where one of Ford’s two Indian plants is located, entire communities have evolved around the facility, generating thousands of ...
- Dealers’ body raises concerns over Ford non-disclosure pactThe Federation of Automobile Dealers Association (FADA) sent a missive to Ford India, raising concerns over its non-disclosure agreement (N...
- A Ford problem more than an India oneIt is US automakers who seem quick to exit — General Motors quit in 2017 — what with a huge market back home and major disruptions — electr...
- Ford likely to fuel India drive with $1 billionFord is likely to make an additional investment of as much as $1 billion in Indian operations.
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