Ford exits India, but will hire 5,000 for R and D next yr

American auto MNC Ford ceased its 25-year vehicle manufacturing operations in India, after announcing its plan to restructure its business.

However, the marquee brand plans to significantly expand its Chennai-based Ford Business Solutions (FBS) team and bring to market some of Ford’s iconic global vehicles and electrified SUVs. It will also ramp up its R&D headcount by 5,000 within next year.

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