Why did Ford Motor decide to cease car production in India?

Due to significant losses and competition with Hyundai.

What led to Ford's initial departure from India in 1953?

High import restrictions and lack of interest in manufacturing.

India opened its economy, allowing global companies to enter.

Ford underestimated Indian car buyers' preferences.

Selling higher-end cars in India or exporting globally.

Ford Motor's decision to cease car production in India stems from a history of challenges in the market, including initial difficulties due to import restrictions and a lack of manufacturing interest, as well as subsequent struggles against competitors like Hyundai, leading to significant losses.
Despite attempts to adapt by partnering with Mahindra and launching localized models like the Figo, Ford's inability to gain a strong foothold in India ultimately led to the closure of its factories, prompting the company to reevaluate its presence in the country by considering options such as selling higher-end cars or focusing on global exports.

Why did Ford Motor decide to cease car production in India?
Due to significant losses and competition with Hyundai.
What led to Ford's initial departure from India in 1953?
High import restrictions and lack of interest in manufacturing.
How did India's economy change in 1991, impacting global players?
India opened its economy, allowing global companies to enter.
What was Ford's experience with the Escort model in India?
Ford underestimated Indian car buyers' preferences.
What were Ford's considerations upon exiting India in 2021?
Selling higher-end cars in India or exporting globally.

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Ford Motor has decided to cease car production in India, closing both of its factories.
Ford initially left India in 1953 due to high import restrictions and a lack of interest in manufacturing in the country.
In 1991, India opened its economy to global players, leading to the entry of companies like McDonald's and Domino's in the food industry and Hyundai, Toyota, and Opel in the auto industry.
Ford entered a partnership with Mahindra in India, launching the Escort model in 1995, underestimating Indian car buyers' preferences.
After the failure of the Escort, Ford ended its collaboration with Mahindra and introduced the highly localized Figo in 2010.
Ford struggled in India against Hyundai, accumulating significant losses, especially due to their Gujarat plant.
In 2021, Ford exited India, selling their Gujarat plant to Tata Motors, halting the auction of their Chennai plant, and considering options to either sell higher-end cars in India or export globally.