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In August last year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd's (FIPL) Sanand plant, Gujarat for Rs 725.7 crore.
The automaker has previously said it plans to invest $30 billion in EVs and batteries through 2030.
The sudden announcement by Ford will put at risk the livelihoods of more than 2,600 permanent workers and over 1,000 contract staff, union members said.
A combination of factors like wrong-reading of the market/product design/positioning and huge investment in a second plant resulted in Ford Motor Company biting the dust in India.
The US automobile pioneer announced that it is shutting its shop and leaving India. This development has also exposed yet again the uncertainties and challenges gripping the automotive sector in India.
The source, a senior functionary in the government who wished not to be identified, reasoned the shutdown decision to competition from Japanese and Korean carmakers.
The company, which invested about $2.5 billion at its Chennai (Tamil Nadu) and Sanand (Gujarat) plants, will stop selling vehicles such as the EcoSport, Figo, and Aspire which are produced from these plants.
Mahindra's high-end electric vehicle Pininfarina Battista is a starting point, Shah said, adding that the automaker would look at developing more electric platforms in India to build SUVs for the local and export markets.
Through the service, customers can have vehicle serviced at home or office at no additional charge. The facility is available in Kochi and Thiruvananthapuram.
The new Bronco lineup will offer off-roading technology aimed at people who want a comfortable ride on the highway.