Ford Motor Co. will stop making cars in India and record roughly $2 billion in restructuring charges, scaling back significantly in a country that past management saw becoming one of its three biggest markets. Ford will wind down an assembly plant in Gujarat by the fourth quarter, as well as vehicle and engine manufacturing plants in Chennai by the second quarter of next year.
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US car giant Ford is to stop making cars in India and shut down both of its plants in the country, according to a company statement.
Ford said it would close the plants in Gujarat and Tamil Nadu states by the second quarter of 2022 but it would continue to make car engines for export.
Ford Motor Company has announced that it would stop producing cars in India as the global auto industry continues to grapple with a shortfall in semiconductors and other components due to supply chain disruptions. Other US companies that stopped operation in India are Ford’s American rival General Motors (GM) and the American motorcycle company Harley-Davidson.
