Ford's Indian Manufacturing Facilities Purchased By Tata's EV Arm | Carscoops carscoops
said that “despite investing significantly in India, Ford has accumulated more than $2 billion of operating losses over the past 10 years, and demand for new vehicles has been much weaker than forecast.”When Ford made its initial announcement, the carmaker said it would continue to operate its powertrain division which builds Ranger engines for export markets. This will remain the case, with Ford India leasing back the land and buildings from Tata.
Tata hasn’t yet announced the models it plans to produce at the plant, but it’s understood that the facilities will play an active part in achieving the automaker’s goal of electric vehicles accounting for
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