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10-09-2021, 10:45 AM
(10-09-2021, 08:10 AM)Levin Wrote: Ford to stop making cars in India
09 Sep 2021 05:14PM
(Updated: 09 Sep 2021 10:59PM)
......cutting loss is gain.
India was expected to become the world's third-largest car market by 2020 after China and the United States with sales of some 5 million vehicles a year. Instead, sales have languished at about 3 million, still trailing Europe and Japan too.
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Ford has the capacity to produce about 440,000 cars in India a year across both plants but is only using about 25per cent of that
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There are 400 Ford outlets in India where dealers over time have invested 20 billion rupees (US$272 million), the association said in a statement, adding that the automaker had been appointing new dealers until as recently as five months ago.
"Such dealers will be at the biggest financial loss in their entire life," it said.
https://www.channelnewsasia.com/business...ia-2166486
