New Delhi. Ford Motor India head Anurag Mehrotra has resigned from his post. This resignation of Anurag Mehrotra has come at a time when the American automobile company has announced the closure of the manufacturing of cars and its plants in India. Ford had said in a statement that its India business had incurred a loss of $2 billion.
According to media reports, the last day of Anurag Mehrotra in the company is 30 September. A Ford India spokesperson confirmed the resignation. The company said that they are leaving the company to try other career-related opportunities.
Let us tell you that Ford India was running in loss for a long time and its loss was increased due to the difficulties caused by Corona. Ford started the business in India in the 1990s. However, it could not succeed even after being in existence for more than two decades. Its market share was only 1.57 percent. It was ranked ninth among the country's car companies.
The company sells Figo, Aspire, Freestyle, EcoSport, and Endeavor models in India. Their price range is from Rs 7.75 lakh to Rs 33.81 lakh. Ford had entered into a partnership with Mahindra & Mahindra, which has a major stake in the SUV segment, a few years ago, but earlier this year both the companies decided to break it.