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Fresh investments in motown may cross $4 bn; auto firms in talks with govt

Some 13 auto firms have been in talks with govt for setting up business in India

Ford's restructuring in India is in line with the global strategy it has embarked on, to exit non-profitable and under-performing markets. As part of this, in January 2021, it exited Brazil.
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Ford's restructuring in India is in line with the global strategy it has embarked on, to exit non-profitable and under-performing markets. As part of this, in January 2021, it exited Brazil.

Shreya Nandi Shally Seth Mohile New Delhi/Mumbai
A day after American carmaker Ford announced it was shutting manufacturing plants in India, government officials said the country’s automotive industry was still a preferred destination for investments. The industry is expected to attract investments worth $4.4 billion from a clutch of deals that are in various stages of making, a senior official said on Friday.
 
Over the last year-and-a-half, as many as 13 global and domestic automobile companies including Skoda-Auto-Volkswagen, Yazaki Corporation, Ola Electric, Bahwan International Group, Kinetic Green Energy, Tesla, among others, have evinced interest in setting up business in India with an indicative investment of $4.4