Ford Motor India has reportedly halted its plan to sell the Chennai plant after discussions with JSW Group. The decision signifies a potential reversal of the automaker’s exit strategy from India, indicating a desire to maintain a manufacturing presence in one of the fastest-growing auto markets. Ford is exploring various options for its Chennai manufacturing site, previously earmarked for sale due to losses in the passenger car business. The 350-acre plant, closed since July 2022, had been under consideration for acquisition by JSW Group, aiming to diversify into the electric vehicle sector. The move aligns with Ford’s revised stance on its Indian operations.
Ford Pauses Chennai Plant Sale, Mulls Manufacturing Presence in India
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