October 20, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Ford India head Anurag Mehrotra quits after company decides to stop making cars in India: Report

September 30 will be Anurag Mehrotra’s last day with the company, one of the sources said.

Reuters

September 24, 2021 / 07:33 PM IST

Source: Reuters

Source: Reuters

Ford Motor Co’s India head Anurag Mehrotra has resigned, two sources told Reuters, days after the US automaker said it would stop making cars in the country, taking a hit of $2 billion.

Also Read: Auto incentive scheme: Is it too little, too late for Ford India?

September 30 will be Mehrotra’s last day with the company, one of the people said.

Also Read: 64,000 jobs lost as five major auto companies exit India: FADA

Also Read: Mounting losses, confused strategy and bad timings—all that went wrong for Ford in India

A Ford India spokesman confirmed his resignation, saying he is leaving to pursue other career opportunities.

Mehrotra did not immediately respond to a request for comment.

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