The most famous car company in the world is Ford Motor. The company is headquartered in the United States. The company has manufacturing plants in various parts of the world such as Germany, Spain, UK and India. Factories recently closed in Germany and the UK due to non-profit and non-production. It also announced plans to shut down plants in India.
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This caused a national shock. That has had huge repercussions, especially in Tamil Nadu. This is because Ford Motor’s largest manufacturing facility is located in Maraimalai Nagar, Chennai. The other is in Gujarat. It also announced that it would close both plants and focus only on imports. About 30,000 workers are at risk of losing their jobs as a result of Ford’s announcement.
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Ford entered the Indian market in the 1990s and is making a comeback after 20 years. It is shocking that the world famous Ford has a share of just 1.57 per cent of the Indian car market.
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There is no sign of Ford returning to India. So the workers in the company started looking for different jobs. Anurag Malhotra, the company’s Indian CEO, has resigned. Confirming this, Ford appointed Balasundaram Radhakrishnan as CEO. He was the Production Director of Ford India Pvt.
