Mahindra & Mahindra (M&M) and Ford Motor Company on Thursday said they have signed a definitive agreement to co-develop a mid-sized SUV for India and other emerging markets
Elon Musk blames tough government regulations for the delayed entry of Tesla's electric cars in India
"Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should," added Musk, also the SpaceX founder.
Ford’s renewed optimism on India is welcome. Especially since it comes after General Motors stopped selling vehicles here last year
While many await the facelift of the EcoSport this year, Ford seems to have gone ahead and created another variant of its current Ford EcoSport model, added some extra features and given it a Rs 10.39 lakh price tag.
The car will first appear at CES and then at the North American International Auto Show
Ford Motor Co has shelved plans to produce a new compact car family designed mainly for emerging markets like India and China, industry sources said, reflecting disappointing sales of mainstream models in the world's fastest growing car markets.
U.S. regulators are delaying rules proposed by the NHTSA that would require hybrid and electric cars to alert sight-impaired pedestrians and bicyclists until at least mid-March.
As demand from Europe remains dim, automakers are now exporting newer markets such as South America, South Africa and Algeria. They are also building robust overseas back orders.
The car major said imposing additional tax on diesel vehicles will create an uncertainty on future investments in the country.
The highly-anticipated Ford EcoSport's launch has been delayed.
With more foreign car makers choosing to have complete control of their Indian businesses, investment is increasing, capacity is rising, and India is fast challenging Thailand and China as an automobile export hub
The police have arrested the son of a top cop, who knocked down a cyclist in an intoxicated state in the early hours of Monday and later abused, manhandled and threatened policemen. Charges are being pressed against him.
The unveiling also marked the second time Ford Chief Executive Alan Mulally flew down to India in so many years.
The global automobile market is likely to grow by 5 percent a year for the next two years, led by China and India, Ford Motor Co CEO Alan Mulally said.
Almost every major auto company is gearing up to elevate sales and clear inventory by offering year-end discounts on petrol and diesel cars.
There are two reasons for that. One, the Narendra Modi government enforces a smooth land acquisition policy. Two, companies with factories in Gujarat have quicker and easier access to markets in West and North India as well as ports.