Ford India Pvt Ltd
About
Ford commenced its operations in India by establishing a 50-50 joint venture partnership with Mahindra (Mahindra Ford India Ltd) in the mid-1990s. By March 1998, Ford took its ownership to 72%, renamed the company Ford India Private Limited. Over the years, the company has offered some impressive vehicles; however, these cars often fail to maintain buyer interest past the initial few months following their release. In 2021, Ford India announced that it would stop making cars at its two plants – Maraimalai Nagar, near Chennai, and Sanand in Gujarat. The firm left India due to over a decade of financial struggles, $2 billion in losses, and a market share below 2%. Intense competition from domestic brands and the COVID-19 pandemic added to its woes. As of 2025, Ford is showing keen interest to re-enter the Indian market, confirming its intention to utilize the Maraimalainagar plant for manufacturing for export purposes.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 6451 -33.4% | 9690 -32.9% | 14450 7.6% | 13433 -43.7% | 23877 -15.2% | 28159 14.7% | 24561 29.6% | 18953 10.2% | 17195 45.8% | 11792 30.6% | 9030 52.9% | 5906 -10.6% | 6604 17.2% | 5637 125.8% | 2496 17.8% | 2120 - |
| Net Operating Income (INR Cr) | 5171 -26.95% | 7079 -30.61% | 10202 -15.39% | 12057 -40.28% | 20190 -16.58% | 24202 12.88% | 21441 33.96% | 16006 9.59% | 14605 23.40% | 11836 37.04% | 8636 46.23% | 5906 -10.57% | 6604 17.17% | 5637 162.85% | 2144 22.23% | 1754 -15.20% |
| Profit (INR Cr) | 344 -31.2% | 500 - | -4229 - | -188 - | -5432 - | 211 -59.8% | 525 - | -521 - | -594 - | -780 - | -597 - | -420 - | -140 - | -108 - | -158 - | -118 - |
| Assets (INR Cr) | 3506 -4.7% | 3679 0.4% | 3665 -28.7% | 5137 -19.0% | 6344 -49.2% | 12481 -12.6% | 14273 11.3% | 12820 -3.9% | 13336 9.1% | 12224 52.6% | 8010 44.2% | 5556 59.2% | 3490 44.5% | 2415 5.4% | 2290 24.3% | 1842 - |
| Net Worth (INR Cr) | 1911 21.9% | 1568 46.9% | 1067 -236.7% | -781 30.9% | -597 -112.3% | 4858 5.2% | 4617 25.9% | 3668 7.1% | 3425 -24.0% | 4507 34.9% | 3341 11.2% | 3004 94.3% | 1546 68.2% | 919 -10.5% | 1027 -0.8% | 1035 271.9% |
| Employee Cost (INR Cr) | 107 -48.2% | 206 -70.0% | 688 13.9% | 604 -8.5% | 661 4.8% | 631 -3.3% | 652 6.2% | 614 -0.7% | 618 37.7% | 449 49.2% | 301 - | 0 - | 0 - | 0 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 160 | 203 | 358 | 462 | 483 | 592 | 694 | 630 | 594 | 180 | 42 | 121 | 60 | 34 | 15 | 30 |
| Cash & Bank Balance (INR Cr) | 897 | 913 | 1062 | 380 | 1737 | 99 | 1042 | 523 | 684 | 847 | 351 | 811 | 604 | 346 | 250 | 268 |
| Total Debt (INR Cr) | 1435 | 1915 | 2477 | 5608 | 6740 | 7477 | 8979 | 8459 | 9183 | 7579 | 4595 | 2495 | 1846 | 1418 | 1264 | 807 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.3% | 5.2% | - | - | - | 0.8% | 2.1% | - | - | - | - | - | - | - | - | - |
| Profit As % Of Assets | 9.8% | 13.6% | - | - | - | 1.7% | 3.7% | - | - | - | - | - | - | - | - | - |
| Profit As % Of Networth | 18.0% | 31.9% | - | - | - | 4.4% | 11.4% | - | - | - | - | - | - | - | - | - |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | 29.5% | 16.4% | - | - |
| Debt to Equity Ratio | 0.75 | 1.22 | 2.32 | - | - | 1.54 | 1.94 | 2.31 | 2.68 | 1.68 | 1.38 | 0.83 | 1.19 | 1.54 | 1.23 | 0.78 |
| RONW | 1.8% | 1.7% | - | - | - | 2.4% | 9.9% | - | - | - | - | - | - | - | - | - |
| ROCE | 2.6% | 3.3% | 0.0% | 0.0% | 0.0% | 4.6% | 8.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |