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telegraphindia.com 13 Sep, 2021 00:00 am

Ford shut down: 4000 SME suppliers in trouble

Ford shut down: 4000 SME suppliers in trouble
The US car maker’s decision to service existing customers will mitigate some of the plight of the component makers

Ford shut down: 4000 SME suppliers in trouble The US car maker’s decision to service existing customers will mitigate some of the plight of the component makers Representational image.Advertisement Ford’s decision to service existing customers will mitigate some of the plight of the component makers.Around 4,000 SMEs, including the smaller suppliers are facing a drop in orders as the US giant will stop making vehicles such as the EcoSport, the Figo, the Figo Aspire, the Freestyle and the Endeavour.Over 4,000 SMEs around Chennai and Sanand might face closure, said a convenor of a consortium of small manufacturers.

But obviously, there will be a drop in orders with no new vehicle manufacturing happening,” said an industry source.Raghunathan, convenor, Consortium of Indian Associations.

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