Ford India’s CEO Resigns Following Firm’s Decision To End Car Manufacturing In India

Anurag Mehrotra, the Chief Executive Officer of Ford Motor Co. in India, has left the company to seek other possibilities for his career.

It was just a few days ago that the United States based car maker had announced its decision to stop all production activities in in eth Indian market as the company also said it had taken a $2 billion hit from its Indian business so far.

Mehrotra, according to his LinkedIn page, has worked for Ford in India for more than a decade now and he has been placed in a variety of capacities, including in marketing and sales. He also served as the president and managing director of the Indian subsidiary of the company.

Mehrotra’s final day at the company will be September 30, said reports quoting information from a person with knowledge of the situation.

No further comments on his decision to quit the company were available from Mehrotra.

Ford India stated in a statement that its director of manufacturing, Balasundaram Radhakrishnan, will now be in charge of supervising the remainder of the company’s operations in the country.

The decision of the top American car maker to end automobile production in India brings an closure to the company’s more than two decade involvement in a market it no longer regards as viable. According to the firm, the relocation will affect around 4,000 employees in India.

Since 2017, there were six other major car makers that have decided to stop producing vehicles in India. The other two American auto makers that have already stopped production in the country include General Motors and Harley-Davidson in the face of dominance of the market by Asian rivals.

Despite operating in India since the mid-1990s, Ford has managed to capture less than a 2 per cent market share in India and was only employing around 20 per cent of its total manufacturing capacity of 440,000 vehicles per year across two facilities in the country.

Earlier this month, Ford had announced its intention to close down its factory in the Western Indian state of Gujarat by the end of this year and its facility in southern Indian state of Tamil Nadu by the second quarter of 2022.

The company’s decision has however outraged hundreds of its workers in the factories as they would stand to lose their jobs. Some of them even organized a sit in protest against the decision earlier this week.

(Adapted from LiveMint.com)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s