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Ford delays its re-entry into the Indian market due to high costs of converting a plant for electric vehicles.
Ford is reconsidering its plans to re-enter the Indian market, delaying its announcement to late summer.
Initially expected in January, the decision involves reassessing the strategy due to factors including the cost of converting its Chennai plant for electric vehicle production, estimated at $100-300 million.
Despite delays, Ford remains committed to using Chennai's manufacturing for global exports.
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Ford retrasa su reingreso en el mercado indio debido a los elevados costos de conversión de una planta para vehículos eléctricos.