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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
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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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