Ford to restart manufacturing plant in Tamil Nadu for exports
Ford plans to repurpose the facility to focus on manufacturing cars for export markets.
Ford plans to repurpose the facility to focus on manufacturing cars for export markets.
As Ford focuses on the mega EV shift, it continues to trim its workforce to reorganise and simplify functions. In April, Ford had laid off 580 salaried employees
The acquisition will add 300,000 units per annum to Tata Motors’ near-saturated manufacturing capacity, with the potential of scaling it up to 420,000 units per annum.
With this acquisition, the most aggressive player in India’s burgeoning electric PV space ostensibly will sate the robust demand for EVs, despite geopolitical and inflation concerns looming large.
Ford India will operate its powertrain manufacturing facilities by leasing back the land and buildings of the powertrain unit from Tata Motors.
After Ford announced not to make EVs, withdrew from PLI, and revive its plans to shift out, Tesla has decided not to sell EVs in India, jeopardising its future plans to manufacture in India.