The American motor industry giant announced last year that it would close its Indian car factories.
The announcement marks an important step forward in Ford's efforts to restructure its Indian business, Ford transformation officer Steve Armstrong said.
Companies like General Motors, Volkswagen-owned MAN Trucks and even iconic motorbike maker Harley Davidson have been among the firms that have stopped manufacturing in India in recent years. India is still seen as a car market with great potential but sales have plunged to a decade low due to a slowdown in economic growth, weak labour markets, higher fuel prices and pandemic-related disruptions.
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