Ford India Announces Leadership Change; MD To Step Down Following $2 Billion Loss
Ford India on September 24 announced a change in leadership with Bala Radhakrishnan replacing the current president and MD Anurag Mehrotra by the end of September 2021. Ford has also ceased production since September 9 at two Indian plants (Chennai and Gujarat) after facing a loss of $2 Billion. The company is expected to scale down its operations and withdraw EcoSport, Figo, Endeavour, and Aspire from the Indian market.
Tags: Ford, Ford India, Ecosports, Aspire, Endeavour
Courtesy: The Economic Times