Ford announces profit in India for first time in 10 years

By Sean Galea-Pace
Share
The US-based automotive company, Ford, has announced a profit in India during the last fiscal year for the first time in 10 years, according to Reuters...

The US-based automotive company, Ford, has announced a profit in India during the last fiscal year for the first time in 10 years, according to Reuters.

Ford has reduced its manufacturing costs by 40% through its initiative called the Emerging Market Operating Model (EMOM) and has started to develop an increased number of vehicles locally to transition from its “One Ford” plan.

Anurag Mehrotra, managing director of Ford’s India unit, said: “EMOM is the North Star for the turnaround at Ford in India.”

“We realised we need to have a sustainable and profitable business in India.”

See more:

Over the past 20 years, India has become a major growth area for car manufacturers with it being revealed that Ford has invested $2bn in the country during that time.

According to HIS Markit, it is anticipated that India will become the world’s third biggest market by 2020 with sales set to reach over 5mn cars.

Ford has sold over 90,000 vehicles and exported more than 180,000 in the last fiscal year which has seen the firm has experienced a steady increase from less than 80,000 annual sales in 2016, according to industry data found.

Share

Featured Articles

Manufacturing Unwrapped: Manufacturing Leader Jeff Winter

In addition to being our top magazine influencer back in August, Jeff also did an unmissable interview with Manufacturing Digital on IoT

Manufacturing Unwrapped: Kathleen Mitford of Microsoft

This year we had a truly insightful interview with Kathleen Mitford, CVP of Global Industry at Microsoft on its AI Copilot solutions for manufacturing

Can Carton Waste Revolutionise Sustainable Manufacturing?

A new €3.1m Ittervoort facility processes 20,000 tonnes of polyAl annually, turning carton waste into reusable materials for durable manufacturing products

Stellantis & CATL Boost EV Manufacturing Capacity

Sustainability & ESG

Sir David McMurty: A Visionary Engineer, Inventor and Leader

Production & Operations

IFS: Gaining New Manufacturing Value with Service Centricity

Production & Operations