has launched a bigger SUV, named XUV700, but has not yet announced a firm launch date. The vehicle is expected to hit the market in October.
The automaker’s withdrawal comes at a time when the Indian passenger vehicle market has been in a decline over the last five years. Passenger vehicle sales in 2020-21 were 2.71 million units, compared with 2.77 million units the previous year, according to the Society of Indian Automobile Manufacturers . Sales had reached a peak of 3.37 million in 2018-19.... [+]
Ford entered India in 1995 in partnership with the Mumbai-headquartered Mahindra & Mahindra, which was then largely a manufacturer of tractors and utility vehicles. It constructed a greenfield plant near Chennai from where it launched a mid-size, entry-level sedan named Ikon as its first product for the Indian market. The partnership with Mahindra ended after a few years, only for the two to partner up again in 2017.
Interesting, I guess it’s not the time to buy a new car
If only American consumers were as lucky as Indians
There you go, no more work for allot of people, that's damn sad.
If you can't compete with local companies then you will have to wrap up. At the same time Maruti, Hyundai, Tata, M&M are making healthy growth rate.
Tesla 🔥
nice
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