With the existing capacities near saturation, this acquisition will unlock an additional state-of-the-art manufacturing capacity of 300,000 units a year which is scalable to 420,000 units annually, Tata Motors said.
FIPL will operate its powertrain manufacturing facilities by leasing back the land and buildings of the powertrain unit from TPEML, stated a company release.
Mahindra & Mahindra, the best Indian player in the SUV mobility field, has broken off its second marriage with Ford Motor since the rising pandemic-induced uncertainties make the American automaker extremely vulnerable in India. The first auto news of 2021 has sent shivers down the spine of the automotive industry which is trying to regain some lost ground in the market. The Mahindra and Ford alliance would have immensely supported India in the global automotive arena.
Through this film, Ford is encouraging everyone to explore that other side, spend a little time with it, indulge in it. To depict the emotion of driving into unexplored nature, taming the treacherous landscapes, the rugged roads, Ford has launched this digital film created and produced by BBDO India, nudging people to venture out and fuel themselves with what helps them to carry on.
The company has underperformed the overall market and its share has shrunk to 2%, with sales of 17,643 vehicles in the first six months of this financial year.
The increased scrutiny on shipments from China at Chennai Port, which handles various cargo including automobiles, auto components, fertilisers and petroleum products, could disrupt supply chains.
PV exports stood at 6,77,311 units in the last fiscal as against 6,76,192 units in 2018-19, a marginal growth of 0.17 per cent.
Mehrotra, as the managing director of Ford India, was responsible for turning around the maker of the Figo and EcoSport that posted a profit in fiscal 2018 after remaining in the red for years. He will join Mahindra that owns a 51% stake in Mahindra Ford Automotive before formally taking over the as the JV’s CEO.
Mahindra & Mahindra had announced a joint venture with Ford Motor Company in October last year.
A B-segment SUV on the Ford platform is under discussion, M&M managing director Pawan Goenka said.
M&M and Ford (India) recently announced a joint venture, with the former holding a 51% stake.
Synergies from the JV expected mainly from manufacturing platform; challenges from vendor base and work culture could be daunting.
Ford’s Indian operations MD Anurag Mehrotra has been tasked with product portfolio management in tandem with Mahindra to cater to the 18-million-unit-per-annum market.
Several workers employed at Sanand manufacturing facility went on an indefinite strike alleging illegal termination of certain employee.
Ford India's new ad encourages people to lend a helping hand to those in need
The new EcoSport line-up will be available at a price range of Rs 7.69 lakh to Rs 11.33 lakh in both petrol and diesel engine options.
$500 m for developing two SUVs, $400-500 m for Project Black — its tie-up with Mahindra.
The fog lamps in the new Aspire are integrated into the front bumper and come with a blue touch. The Aspire Blu also features a remium black finish alloys and 15-inch tyres.
Only four out of top 10 carmakers manged to up thier market share in FY19, according to the data release by Society of Indian Automobile Manufacturer Association.
The new Figo will be available in a simplified line-up of three variants across two fuel options -- petrol and diesel.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| David Allan Schock | 06950353 | dschock1@ford.com | Wholetime Director | 19 Sep,2014 |
| Balasundaram Radhakrishnan | 07009700 | rbalasun@ford.com | Wholetime Director | 01 Dec,2014 |
| Dhiraj Dixit | 07495609 | ddixit@ford.com | Wholetime Director | 11 May,2016 |
| Dhiraj Dixit | 07495609 | ddixit@ford.com | Wholetime Director | 11 May,2016 |
| Anurag Mehrotra | 07552098 | manurag@ford.com | Director | 01 Jul,2016 |
Ford India Private Limited's balance sheet, profit & loss figures and Financial Ratios
Get plant information and details for Ford India Private Limited
Know the direct, tier 1 and foreign suppliers for Ford India Private Limited
Which business is the best revenue generator for Ford India Private Limited
Ford India Private Limited's subsidiaries, Joint Ventures, Associates & Signatories
Passenger Vehicle / Commercial Vehicle / Two Wheelers / Automotive / Components / Industry / Tyres / Aftermarket / Policy / Auto Technology / People Movement / Oil & Lubes / New Launches / Raw Material / Financial Results / Auto Finance
Trends / IndustrySpeak / International / Careers / Data & Analytics / Jobs / ETAuto TV / Autopreneur / Interviews / ETAuto Insights / Data / Reports
Retail News / Health News / Telecom News / Energy News / IT News / Real Estate News / Marketing & Advertising News / Technology News / IT Security News / Government News / ETMasterclass News / ET Campus Stars News / Textile News / Sports News / Hotelier News / Facilities News / Fashion News / ElectronicsWorld News / Salon News / Aviation News / WasteManagement News / Light News / Construction News / Packaging News / Safety News / Shipping News / Hospitality News / Travel News / HR News / Pharma News / Legal News / Virtual Conference News / BU News / Water News / Retail News / Virtual Conference News / Infra News