Namaste, iam Jared Harris, You have yourself a good one!
Well, that’s the million-dollar question, isn’t it? Ford left India in 2020 after a long run of success. It was a tough decision for the company, but they felt it was time to move on. The move came as a shock to many people who had grown accustomed to seeing Ford vehicles on Indian roads. But with rising costs and changing market conditions, Ford decided it was time to say goodbye. So, there you have it - Ford left India in 2020 and hasn’t looked back since!
Why Did Ford Leave India? [Solved]
Well, they had a good run in India, but after citing the high production cost due to extreme import restrictions, they finally decided to call it quits. After nearly 50 years, they’ve waved goodbye to the fourth-largest auto market. Last September, the automobile giant announced their departure from India.
Ford Motor Company announced its decision to exit the Indian market in 2020: In October 2020, Ford Motor Company announced that it would be exiting the Indian market and selling its assets to Mahindra & Mahindra.
Ford’s India operations had been struggling for years: Despite investing heavily in India, Ford’s sales had been declining for several years due to a lack of competitive products and a weak brand image.
The company will continue to provide service and spare parts support: Although Ford is leaving the Indian market, it will continue to provide service and spare parts support for existing customers until March 31, 2021.
The move is part of a global restructuring plan: The decision to leave India is part of a global restructuring plan by Ford which includes cutting costs and focusing on more profitable markets such as China and North America.
Ford left India back in 2020. It was a tough decision, but they had to do it. They’d been struggling for a while, and it just wasn’t working out. Oh well, c’est la vie!
