Losses Worth Crores: Vendors Meet Tamil Nadu Minister Over Ford Exit | Read

PUBLISHED ON: September 23, 2021 | Duration: 2 min, 14 sec

  
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At least 75 vendors from across Tamil Nadu, supplying components to auto major Ford, met state Rural Industries Minister TM Anbarasan in Chennai after the car-maker announced its India exit. Claiming that business with Ford made up 20-40% of their business, the vendors elaborated how the plant's closure - just outside Chennai - will impact their businesses. Ford had cited a drastic fall in market share while announcing its exit from the Indian market.
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