Ford India Rumoured To Enter Into A JV With Tata Motors – New Hybrids, EVs Planned
Global automotive juggernaut, Ford, is contemplating its plans to position itself as a car manufacturer in India.
In a rather long see-saw session, there have been multiple speculations around Ford’s upcoming strategy for the Indian market. Latest reports suggest Ford could stick to Hybrids and EVs along with a probable JV with Tata Motors.
Ford India Strategy Could Revolve Around Hybrids, EVs
After years of dwindling sales, Ford pulled the plug on its Indian operations, similar to what automotive juggernauts like Chevrolet from General Motors and Fiat from Stellantis (then Fiat Chrysler Association) did. Company held two manufacturing facilities in India – Sanand and Chennai.
Sanand plant was sold to Tata Motors and the transaction happened rather smoothly and ownership was handed over. However, same can’t be said about Ford’s Chennai plant. Ford was in the final round of talks with JSW Group for the sale of its Chennai plant and was called off in the final stages.
The deal with JSW Group was said to be almost finalised and considered a closed chapter. However, this deal went south and Chennai facility is still under Ford’s ownership. The hesitation for Ford follows with the recent success of Indian automotive sector climbing the ranks to solidify third largest car market position, followed by China and USA.