The salt-to-software conglomerate humbled Ford — which was then on the verge of chapter after the 2008 global monetary meltdown by taking on the auto firm’s iconic Jaguar Land-Rover manufacturers for $2.three billion. As Ford is on the brink of exit India, this is the story of how Indian business tycoon Ratan Tata challenged the US-based automaker after he was humiliated by former Ford chairman Bill Ford. It is not any secret that Tata revolutionised the automobile sector in India when Tata Indica, India’s first indigenously designed and manufactured automobile, and Tata Safari, India’s first SUV were launched. Ford Motor Co could be following in the footsteps of General Motors in exiting India, bringing to an in depth an ill-fated 25-year foray into the Indian vehicle market. Claiming that the corporate saw no route to profitability in the country, it famous that it had amassed operating losses to the tune of over $2 billion in the final ten years, adding that demand for its product portfolio remained muted. But within the interim, it was suddenly obvious that Moore’s Law of increasing miniaturization missed the boat when it got here to the automotive industry.
As a outcome, the US EV market …