The story
Ford India Private Limited began production in 1926 as a subsidiary of the Ford Motor Company of Canada. The initial Ford India company was liquidated in May 1953 as a result of severe import restrictions having been enacted. Ford re-entered the Indian market in October 1995 as Mahindra Ford India Limited (MFIL), a 50-50 joint venture with Mahindra & Mahindra Limited. Ford increased its interest to 72% in March 1998 and renamed the company Ford India Private Limited. The total investments made by Ford Motor Company since it set shop in 1995 stands at $2 billion as of April 2012.
Ford launched several models in India, including the sixth generation European Ford Escort and the Ford Ikon, later followed by the Ford Mondeo (second generation). In 2003 Ford launched its first SUV - Endeavour. The first-generation Endeavour is based on the Mazda-based Ford Ranger pickup truck, while the second-generation model is based on the globally-marketed T6 Ranger. In late 2004 Ford launched the European Ford Fusion, which brought a totally new segment to India - the crossover which the company called as an Urban Activity Vehicle & marketed in India as The-No-Nonsense-Car; going by its name, it was a very practical car way ahead of its time, and was popular mostly among enthusiasts.
Ford launched the Ford Fiesta in its sedan guise which was widely received in the market and was a sales success. Ford also launched the Ford Figo, based on the sixth generation Ford Fiesta hatchback in the Indian market.
With the Ford EcoSport crossover, Ford became one of the first companies to exploit the Indian government's policy of lower taxes for sub 4-metre automobiles. Ford also exports the EcoSport from India to EU and US markets. Ford then launched the second generation Ford Figo, first in its sedan guise as the Ford Figo Aspire, which now remains Ford's only sedan in the Indian market after discontinuation of the sixth generation Ford Fiesta. The Figo hatchback was launched at a later date. To fill the gap between the Figo and the EcoSport, the company launched the Ford Freestyle in 2018; this is essentially a crossover version of the face-lifted Ford Figo hatchback.
In 2019, the company started talks with Mahindra & Mahindra to establish a new joint venture, but as of April 2021, those plans had been cancelled.
In September 2021, the company announced its intent to end all domestic manufacturing in India. In December 2021 Kotak Mahindra Bank's finance unit Kotak Mahindra Prime purchased Ford Credit India's vehicle finance portfolio.
From Wikipedia’s article on Ford India, shared under CC BY-SA 4.0.4