Ford to halt Indian production over not seeing a path to profitability
- After the exit of big auto brands like, General Motors and Harley Davidson, another iconic brand Ford has also called it a quit.
- Becoming the latest automaker to leave, Ford Motor Co took this decision over not seeing a path to profitability in the country.
- Letting you know, Ford has been struggling for years to win over Indian consumers and turn a profit.
- Though it entered India 25 years ago but has a less than 2% share of the passenger vehicles market.
- The company has promised that the quit does not mean the end of services as it has roughly 10-lakh customers in India.
