American car company Ford cancels deal with JSW group for Chennai plant, indicating a possible change in its India exit strategy. The company had also been in talks with Mahindra & Mahindra and Vinfast for the sale of the plant. Sources suggest that Ford may now want to maintain a manufacturing presence in India and is looking to hire people in certain functions. However, Ford has not made a final decision on coming back to India.
source https://timesofindia.indiatimes.com/business/india-business/ford-cancels-chennai-plant-sale-deal-with-jsw-group/articleshow/106134854.cms
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