On 9 September, 2021, Ford announced its decision to cease operations in India. … You see, the used car market in India is huge and we see plenty units of Ford cars, especially Ford EcoSport, Ford Endeavour, and Ford Figo.
Is it safe to buy Ford cars in India?
Ford cars usually come with high resale value. But, if the brand doesn’t have manufacturing operations in India, then the resale value would take a hit due to consumer perceptions. … However, if you are planning to drive the car for 7-8 years, then you can ignore the reduced resale value factor.
Why is Ford not selling cars in India?
Ford India’s Sanand plant has a manufacturing capacity of 240,000 vehicles and 610,000 engines per annum. Misjudging the growth of the Indian market and, more importantly, misjudging Ford’s own growth potential turned this plant into a millstone around Ford’s neck.
Is Ford discontinuing cars in India?
Now, 27 years on, the American carmaker is stopping the production of its cars and SUVs in India. It announced today that manufacturing of vehicles for local sale will cease immediately while export manufacturing will wind down at the Sanand plant by Q4 2021, and the Chennai engine and vehicle plants by Q2 2022.
What will happen to Ford car owners in India?
What Happens to Ford Car owners? Ford has said that it will continue to provide vehicle aftermarket parts, service facilities, and warranty support to its customers in India. The US automaker will maintain car parts depots in Delhi, Chennai, Mumbai, Sanand, and Kolkata.
Is Ford service available in India?
The customer support operations will continue to run in full capacity along with service, aftermarket parts and warranty support. The dealers of Ford India will ensure accessibility of spare parts and quality of service. Additionally, the company has promised to continue to provide a competitive cost of ownership.
Is Ford popular in India?
According to Unwalla, nearly half of the units that Ford sold in India were utility vehicles with popular model offerings like Ecosport and Endeavour. Within the multi-utility vehicle segment, Ford’s share peaked to 9.5 per cent in FY2015, but started falling in all successive years. In FY21, this fell to 3.3 per cent.
What went wrong with Ford in India?
Ford Motor Company announced on September 9 that it was forced to stop manufacturing in India and close two factories owing to ‘large accumulated losses and lack of growth in a challenging market’. According to the brand, it has lost more than $2 billion in operating losses over the last 10 years.
Is Ford selling Endeavour in India?
Ford has officially stopped production and sales of locally manufactured models in India which includes the reputed Endeavour. The company stated that it tried to keep the Endeavour alive despite its exit by trying to partner with another OEM for contract manufacturing but was unable to find an acceptable deal.
Why car makers are leaving India?
Poor product planning and failure to adapt to the market proved to be their undoing. With General Motors, another American company, it was not a case very different from Ford India, even with the former’s small car Spark, which had the potential to do well. Clearly, they failed to read the market just like Ford.
Will Ford Top selling cars in India?
Ford To Stop Car Manufacturing In India, Sale Of Figo, Aspire, Freestyle, EcoSport And Endeavour To End. Ford presently sells the Figo, Aspire, Freestyle, EcoSport and Endeavour in India. The EcoSport is Ford’s largest-selling model in India. … Ford will stop producing cars for sale in India on an immediate basis.