This plant is Ford s only remaining factory in India, and the deal being called off has given rise to suspicions that the American auto giant may be considering starting afresh in the world s third-largest auto market.
The decision fuelled speculation that the US company may be considering a re-entry into the worlds third auto largest market after exiting over two years ago. The companys Maraimalai Nagar-based plant has been on the block after Ford got out of India amid mounting losses and the slowdown that gripped the passenger vehicle market after the Covid-19 pandemic in September 2021.