Ford exit to impact dealers employing 40,000, says FADA
The Hindu
‘Franchisee Protection Act long due’
Following Ford Motor Company’s announcement that it would stop manufacturing vehicles in India, the Federation of Automobile Dealers Associations (FADA) on Thursday said the move would severely impact almost 170 dealers across the country, who have invested about ₹2,000 crore and employ 40,000 people. Renewing its demand for the ‘Franchisee Protection Act’, the association pointed out that Ford India had appointed multiple dealers as recently as five months ago. These dealers would be the most hit, it said. The industry body noted that Ford India was the fifth big exit from India since 2017, after General Motors, Man Trucks, Harley Davidson and UM Lohia, besides multiple small electric vehicle players.More Related News