NEW YORK, May 12 (Reuters): Ford Motor Co said on Thursday it had dropped plans to make electric vehicles (EVs) in India for exports, while it explores options for its two factories in the country that stopped production last year.
The US car maker said in February it would manufacture EVs in India and also got approval for the Indian government's $3.5-billion production-linked incentive scheme for making clean-fuel vehicles.
"After careful review, we have decided to no longer pursue EV manufacturing for exports from any of the Indian plants," a spokesperson for Ford India said in an email.
The company did not offer details on its U-turn, while adding that its previously announced business restructuring continues.
Ford makes U-turn, shelves plans for EV exports from India
FE Team | Published: May 12, 2022 22:55:49
Ford makes U-turn, shelves plans for EV exports from India
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