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A Perfect Fit
Business Today India
|November 26, 2023
If JSW Group’s foray into the EV space comes to fruition and it acquires Ford’s Maraimalai Nagar plant, it could transform India’s EV market
IT'S NOT OVER till it’s over. This adage perfectly captures the story of Ford’s exit from India. The US automaker decided to shut shop here in September 2021. It has managed to find a buyer in Tata Motors for its relatively new plant in Sanand at a price tag of ₹725 crore. But its 25-year-old Maraimalai Nagar plant in Chennai, which has been shut since July 2022, is a different story.
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