Ford did business in India for a long time and some time ago this company had closed its operations in India. This company has a huge customer base in India. If you also like Ford cars, then there is a big news for you. The news is that Ford may soon make a comeback in the Indian market.
Ford to bring cheaper electric cars
According to media reports, the company will return to the electric segment in India and will launch affordable cars in the Indian market. In this sense, Ford is now going to have a direct competition with Tata as Tata Motors is currently occupied by the electric segment. The company’s Tata Nexon EV and Tata Tigor EV are among the best-selling electric cars in the country.
Ford exited India in September
Ford is one of the 20 automobile companies that has got a PLI scheme of Rs 25,938 crore (PLI scheme) has been selected. Let us tell you that this is a production linked intensive scheme for the manufacture and sale of electrics products. Ford India (Ford India) had decided to exit the Indian market.
Now the electric vehicles market in India is continuously growing and many big car manufacturers are showing great interest in launching their models here. Now Ford is also ready to enter this segment. At present, Ford has two car plants in India. Ford recently announced plans to invest $30 billion in EVs and batteries.