Ford EV In India: Ford opts out of making electric vehicles in India, what did the company back away from the plan?

Ford Electric Car News : American automaker Ford has postponed its plan to manufacture electric vehicles (EVs) in India for export despite getting approval from the government under the Production Linked Incentive (PLI) scheme. Earlier in September last year, Ford had announced the closure of vehicle production at two of its plants as part of its restructuring process.

The company had then said that it was exploring other options for its Chennai and Gujarat plants. A Ford India spokesperson said the company continues to explore possible options for its manufacturing facilities as part of the ongoing business restructuring in India. These options also include applying for the PLI scheme, allowing plants to be used as potential EV manufacturing bases, he said.

However, after carefully reviewing the plan, we have decided not to pursue the plan for manufacturing EVs for export from any of our plants, the spokesperson said. We are grateful to the government for approving and supporting our proposal under the PLI scheme. We will continue to explore our options. On the future of the company’s two manufacturing plants in India, the spokesperson said, “We continue to work closely with trade unions and other stakeholders to deliver an equitable and balanced plan to mitigate the effects of the restructuring.”

It is worth noting that Ford, after struggling for nearly three decades in India, last year decided to shut down vehicle production at two of its plants and sell only imported vehicles in India as part of the restructuring. Ford, which has invested about $ 2.5 billion in Chennai and Gujarat’s Sanand plants, has incurred losses of more than two billion dollars in India.