FORD CANCELS SALE OF TAMIL NADU PLANT TO JSW GROUP
The Business Guardian|December 21, 2023
JSW Group had reached a definitive agreement to purchase the Ford facility for approximately $100 million; however, Ford canceled the arrangement because it is no longer seeking
FORD CANCELS SALE OF TAMIL NADU PLANT TO JSW GROUP

Ford Motor will not sell its Tamil Nadu plant, the automaker's sole remaining factory in India, after finalising a deal with the Sajjan Jindal-led JSW Group.

Commenting on the recent developments, a Ford India spokesperson said, "We continue to explore alternatives for our manufacturing facility in Chennai and have nothing further to share."

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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