Ford India's revenue to reduce to less than a fourth in FY22: India Ratings

The firm has indicated that its near-term operational performance would likely be in line with initial FY20 earnings. During the year, it had a revenue of Rs 2,052 cr

Ford India’s revenue from operations will crimp to less than a fourth of its FY21 tally, with the announced closure of its automotive operations, according to India Ratings & Research. Ford India’s FY22 revenue is expected to be around  Rs 2,000-3,000 crore, a sharp fall from Rs 13,516 crore in FY21, said the rating firm in a recent report.

The Company's management has indicated that Ford India’s near-term operational performance would likely be in line with initial FY20 earnings. During the year, it had a revenue of around Rs 2,052 crore.

Even as the revenue is set to shrink, the