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Passenger vehicle sales grow 15 percent in July 2021
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Ford Looks For New Partner In India After Mahindra JV Dissolves
RushLane.com
14 Jul 2021, 07:09 GMT+10
After the dissolution of its joint venture with Mahindra & Mahindra, Ford is looking to make a new alliance in India. The proposed Mahindra-Ford JV was one of the most highly anticipated and talked about partnerships in the Indian auto industry in recent times. However, discussions fell through and the joint venture was officially called off earlier this year.
The American auto brand is going through one of its toughest phases in the country. The company s domestic sales have been reporting a steady decline for a long time now. Sales figures are not likely to improve significantly anytime soon as analysts state that Ford has no plans to make new investments in the country.