India was expected to become the world's third-largest car market by 2020 after China and the United States with sales of some 5 million vehicles a year. Mehrotra said Ford's decision was also reinforced by "persistent industry over capacity and lack of expected growth in India's car market". vehicle makers such as General Motors (GM.N) and Harley Davidson (HOG.N) that have left India in recent years. ![]() Now, companies such as Ford, General Motors (GM.N), Renault SA (RENA.PA) and Stellantis NV (STLA.MI) are walking away from money-losing ventures and redirecting capital to electrification and investment in technology they need to survive.įord's decision also comes as a setback for Indian Prime Minister Narendra Modi's "Make in India" campaign.
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