US carmaker Ford Motor Company’s Indian subsidiary is planning to curtail operations
It will affect over 4,000 employees
It would reduce the production of its popular models made in India
That includes models such as Ford Figo, Ford Freestyle
Ford India has been struggling to survive in India due to weak domestic volumes and falling exports
It follows the path of General Motors that exited India in 2017
The Sanand plant with less than 10% capacity is likely to shut first
The Chennai plant may continue to make cars until 2022
The company will continue to serve its existing customers
