NEW DELHI: US automotive maker Ford Motor Co has dropped its plans to make electrical autos (EVs) in India for world markets and would possible pursue sale of its factories in India, the Financial Occasions reported on Thursday.
Whereas talks for the sale of the Sanand plant in Gujarat with Tata Motors have been progressing effectively, Ford was pursuing a number of suitors for its Chennai manufacturing facility, the report added, citing individuals aware of the matter.
Earlier this 12 months, the corporate stated it was contemplating producing EVs in India for export, and probably on the market within the home market.
Ford didn’t reply to a Reuters request for remark outdoors enterprise hours.
Whereas talks for the sale of the Sanand plant in Gujarat with Tata Motors have been progressing effectively, Ford was pursuing a number of suitors for its Chennai manufacturing facility, the report added, citing individuals aware of the matter.
Earlier this 12 months, the corporate stated it was contemplating producing EVs in India for export, and probably on the market within the home market.
Ford didn’t reply to a Reuters request for remark outdoors enterprise hours.
