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Ford cabinets India EV manufacturing plans: Report

Ford cabinets India EV manufacturing plans: Report

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NEW DELHI: US automotive maker Ford Motor Co has dropped its plans to make electric vehicles (EVs) in India for international markets and would probably 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 unit, the report added, citing folks acquainted with the matter.
Earlier this yr, the corporate mentioned 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.

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