Ford to lay off 3,000 employees across India, U.S., Canada
As Ford focuses on the mega EV shift, it continues to trim its workforce to reorganise and simplify functions. In April, Ford had laid off 580 salaried employees
ford india
August 2022
May 2022
Tata Motors’ EV arm to buy Ford’s Sanand plant for ₹725.7 cr
The acquisition will add 300,000 units per annum to Tata Motors’ near-saturated manufacturing capacity, with the potential of scaling it up to 420,000 units per annum.
With Ford’s Sanand plant, Tata Motors furthers its pursuit for demand-supply equilibrium for EVs
With this acquisition, the most aggressive player in India’s burgeoning electric PV space ostensibly will sate the robust demand for EVs, despite geopolitical and inflation concerns looming large.
Tata Motors to acquire Ford’s Sanand plant
Ford India will operate its powertrain manufacturing facilities by leasing back the land and buildings of the powertrain unit from Tata Motors.
More foreign companies quitting India is bad news for ‘Make in India’
After Ford announced not to make EVs, withdrew from PLI, and revive its plans to shift out, Tesla has decided not to sell EVs in India, jeopardising its future plans to manufacture in India.
