Besides contract manufacturing, Ford is also said to be keen on selling off its Indian factories.
Earlier this week, there were reports about Ford exploring contract manufacturing opportunities in India. But, according to a new report, the carmaker may be planning to wrap up its India operations completely.
It is said that Ford could shut down manufacturing operations at its factories in Chennai and Sanand, Gujarat. Besides contract manufacturing, Ford is also said to be keen on selling off its Indian factories. Rumours suggest that the company has been in talks with Ola, which could use Ford’s factories to build electric cars.
Ford’s Chennai plant has an installed annual capacity of 2 lakh cars and 3.50 lakh engines, while the Sanand facility can produce 2.4 lakh cars and 2.7 lakh engines.
Last year, talks between Ford and Mahindra over a possible joint venture broke down. It is said that Ford had initiated talks with other manufacturers like MG, Changan and Great Wall following this. Initially, Ford and Mahindra had plans to share platforms and technologies and would’ve utilized the production capacity at Ford’s factories in India.
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