Ford in talks with Tamil Nadu to revive electric vehicle manufacturing
Ford recently patented a new product in IndiaFord in talks with Tamil Nadu government to produce cars for exportFord Motor Company recently held discussions with the Tamil Nadu government to explore the possibility of resuming vehicle production for exports. This is the second interaction between Ford and the Tamil Nadu government in 2024, indicating that the automaker may be considering resuming operations in India after ceasing local manufacturing three years ago.Tamil Nadu Chief Minister MK Stalin confirmed the meeting, revealing details of the meeting on social media and saying that the talks focused on the possibility of resuming Ford's manufacturing operations in the state. The Chief Minister tweeted after the meeting: "Had a very pleasant discussion with the Ford Motor team! Discussed the feasibility of renewing Ford's 30-year partnership with Tamil Nadu and once again manufacturing for the world in Tamil Nadu!"Ford Motor Co. halted domestic vehicle production in India in 2021 after years of sluggish sales. The company exited…
Maruti Suzuki plans to revive small car segment by 2025-26
Maruti Suzuki remains committed to the small car segment, expects recovery soonIndia's leading carmaker Maruti Suzuki has reiterated its commitment to the small car segment despite the recent decline in sales. Chairman RC Bhargava said at the company's 43rd Annual General Meeting (AGM) that the company expects the small car segment to revive by FY 2025-26.Bhargava stressed the importance of low-cost and small cars in India's economic and social landscape. "We firmly believe that low-cost and small cars are necessary in our economic and social conditions. A temporary setback in demand will not change our strategy," he said.The small car market has faced challenges recently, with Maruti Suzuki's sales in the subcompact and compact car segment falling by about 12% from April to July 2024 compared to the previous year. In contrast, the company's utility vehicle segment sales grew by 16.44% during the same period. The successful launch of models such as the Jimny and Fronx in mid-2023 has contributed…