Why US Carmaker Ford Motor Is Shutting Manufacturing Plants In India

After operating for 25 years in India, American auto major Ford Motor Co has decided to pull the plug on local manufacturing. The US automaker said that it would "take a hit of about $2 billion as it does not see a path to profitability in India." The company, which has once tasted success with models like Ikon, Figo and EcoSport, has currently a passenger vehicles market share of less than 2 percent. Ford India will wind down operat...