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The Times of India
The Times of India
Business
Bloomberg

Ford’s shuttered India factories may be reborn in EV push

Ford India United States New Delhi

NEW DELHI: It’s been seven months since Ford decided to shut its factories in India, taking a $2 billion charge for the retreat.

The decision was unsurprising, contrary to Ford’s expectation in 2012 that the nation’s burgeoning middle class would propel it to one of the company’s top three markets by 2020, its market share had slumped to less than 1.5% by the time it decided to pull the pin.

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