Ford Was The Last Company To Stop Producing Cars In India.

Ford has announced that it will close factories in Gujarat and Tamil Nadu in the second quarter of 2022 but will continue to produce engines for cars for export. The company is the last major auto company to leave India in recent years.

In 2017 General Motors (GM) stopped producing cars for the Indian market.

And last year, Harley-Davidson stopped production and significantly reduced sales in the world's largest motorcycle market. Harley-Davidson leaves the world's largest bicycle market. GM to stop production of cars for the Indian market. The exit is a blow to Indian Prime Minister Narendra Modi's efforts to attract or retain foreign producers.

In the past decade, Ford has increased operating losses in India by more than $2 billion (£1.5 billion), and demand for new vehicles has weakened, the company said. The automaker, which makes five models for the local market, said it would continue to provide maintenance, parts, and warranty services to existing customers.

Ford will also "turn to iconic global vehicles and electric SUVs in the future," the statement tell, although it's unclear if it will be made in India. Ford has been making cars in India for 25 years but is struggling to keep up. It reportedly accounts for less than 2% of the passenger car market, and the company ranks ninth on the list of the nation's largest automakers.