Ford exit not a reflection on Indian economy, says government
Ford’s exit from India is thanks to operational reasons and not a mirrored image on the country’s economy or automotive sector, a top government official has said after the American…
July IIP sees slower YoY growth at 11.5% as low base effect wears off
As the low base effect slowly wears off, industrial production in India expanded by 11.5 percent year-on-year (YoY) in July, down from 13.6 percent in June. Measured by the Index…
Ford Motor to close manufacturing plants in India after $2 billion loss
American auto major Ford Motor Company on September 9 said it’s “forced” to finish manufacturing operations in India and shut plants at Sanand and Chennai, thanks to “huge accumulated losses…