Ford, Tata, Maruti, Mahindra may increase tension in preparing to return to India

Ford, Tata, Maruti, Mahindra may increase tension in preparing to return to India

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Ford is preparing to return to India and is planning to resume the Chennai factory. The company closed operations in 2021. Discussion on tariff issues is going on.

Ford shut down its business in India in September 2021.

Highlights

  • Ford is preparing to return to India.
  • Plan to resume Chennai Factory.
  • Discussions are going on on issues related to the company's tariff.

New Delhi. America's giant carmaker Ford is preparing to return to India. The company tied its boria bed to India 4 years ago. Ford shut down its operations in India in September 2021. The company continued its export business from its Tamil Nadu plant by 2022.

According to the recent media report, Ford is finalizing its plan to resume the Chennai factory. Discussions are going on with the top officials about this and the issues related to tariffs are being discussed. The media report dismissed the earlier rumors outright, claiming that the company was interrupting the factory in Maraimalai Nagar near Chennai. Officials associated with the development said that the conversation is still going on and some positive results will be revealed soon.

Return interaction
A source associated with the company said, 'Ford is finalizing its plans and we are discussing with them. There is no reason to worry. The new administration is solving tariff concerns in Chennai. In September last year, Ford said that it was considering resumption of production at the Chennai Manufacturing Unit. The top official of American Auto giant presented a loi to Tamil Nadu with a plan to start production in Chennai factory for export Did The announcement was made after an official meeting between Tamil Nadu Chief Minister MK Stalin and the top officials of Ford Motor Company in Chicago during his visit to American visit. The Ford team consisted of Hart, the Vice President of International Government Affairs, Matthew Kotlowski, Director, Ford India's Government Affairs.

Business in India for 30 years
American brand Ford has been selling cars in India since 1995. The company had launched EcoSport in 2013, which is considered to be the first sub-4-M SUV in India. The company invested around $ 2 billion in India during its 30 -year -long tenure.

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Ford, Tata, Maruti, Mahindra may increase tension in preparing to return to India

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