Now this American company will not make EV in India, because of this the plan dropped.
EV Manufacturing in India: American automobile company Ford will no longer make EVs in India and sell them in markets around the world. The company has dropped this plan. Ford’s Indian management has informed the employees of the company’s plant in Chennai about this.
Company can withdraw PLI application
The Government of India had selected 20 companies, including Ford India, for the Production Linked Incentive Scheme (PLI). But now the company can withdraw its application because Ford India will no longer invest in India.
Know what is the reason for this decision
People aware of this development have said that the company did not find it business-friendly due to volume projection and non-fulfillment of internal targets. In such a situation, it was decided to drop the plan.
The company will sell plants in Gujarat and Chennai
The company can now go ahead with the plan to close the factories located in Sanand and Chennai in Gujarat. Production work has stopped in both these plants. Sources aware of the matter said that talks have progressed with Tata Motors regarding the sale of Sanand plant. On the other hand, different companies are placing bets for the Chennai factory.
The company officially said this
Ford India in its official reply said, “After careful review, we have decided not to pursue our plans to manufacture EVs at any Indian plants. After accepting our offer under the production-linked incentive scheme and following through with the entire process.” We are grateful to the Government of India for being supportive during this time.”
