American automaker Ford on Thursday said that it had withdrawn plans to manufacture electric vehicles (EVs) in India and it won’t invest in the country under the performance-linked incentive (PLI) scheme.
“After careful review, we have decided to no longer pursue EV manufacturing for exports from any of the Indian plants. We remain grateful to the government for approving our proposal under the PLI and for being supportive while we continued our exploration. Ford India’s previously announced business restructuring continues as planned, including exploring other alternatives for our manufacturing facilities. We continue to work closely with unions and other stakeholders to