Electronics

Ford cancels EV manufacturing program in India and opts out of PLI scheme

Ford was one of the automakers selected by the Center for the Automobile Production Linked Incentive (PLI) scheme.

U.S. car maker Ford’s plans to build an electric vehicle in India have been discontinued, a company statement was recently released. In particular, Ford was one of the automakers selected by the Center for the Automobile Production Linked Incentive (PLI) scheme.

“After careful consideration, we decided not to manufacture EVs for export from any factory in India. We approved the proposal based on PLI and assisted while continuing the investigation. I am still grateful to the government for their help. Ford The previously announced restructuring in India continues as planned, including the consideration of other alternatives to the manufacturing facility. We will continue to work closely with unions and other stakeholders to provide a fair and balanced plan to mitigate the effects of restructuring, “the company said in a statement.

Last year, Ford India announced the closure of manufacturing units in Marimalai Nagar, Tamil Nadu and Sanand, Gujarat. The state government was later in talks with Tata Motors and Ford India on EVs.

The Ford application selected under the PLI scheme was one of the 20 other automakers that the Ministry of Heavy Industry nominated as a finalist under the Champion OEM scheme. The center is giving an incentive worth Rs 45,016 to attract automakers to increase production in India.

At the time, the company said it was exploring the possibility of producing electric vehicles for export using one of its factories in India.

Decision Ford Opting out of EV production in India casts doubt on the future of workers at the company’s currently closed Chennai plant.

Tamil Nadu has made big bets on EVs, and the state has even extended negotiations with players like Tesla. In October and December, Tata Motors Prime Minister MK Stalin held several meetings with key Tata Motors officials, including Group Chairman N Chandrasekaran and Executive Director Gilishwag.

Last year, the company announced that it would stop manufacturing cars in India, but maintain its engine manufacturing and technical services business (global business services) as part of the restructuring of its Indian business. Approximately 4,000 employees are expected to be affected by this.

https://www.electronicsb2b.com/headlines/ford-calls-off-ev-manufacturing-plans-in-india-opts-out-of-pli-scheme/ Ford cancels EV manufacturing program in India and opts out of PLI scheme

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