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