Ford drops plans to make EVs in India
US carmaker Ford has dropped its plans to make EVs in India for the global markets.
The company was selected under the Government of India's Production Linked Incentive Scheme to avail of the benefits.
Still, it may withdraw its application now, as it no longer will be investing in the country.
In an official response, Ford India's spokesperson confirmed and said, "After careful review, we have decided to no longer pursue EV manufacturing for exports from any of the Indian plants.
We remain grateful to the Government for approving our proposal under the Production-Linked Incentives and for being supportive while we continued our exploration.
After announcing the exit in September of 2021, the US carmaker did apply to participate in the Government of India's PLI scheme.
As part of the ongoing business restructuring in India, Ford continued to explore possible alternatives for its manufacturing facilities.
The company is likely to pursue its initial plans of selling both its factories in Sanand, Gujarat, and Chennai.