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Ford Motor, Mahindra call off joint venture

1st January 2021
"The decision follows the passing of the Dec. 31 “longstop,” or expiration, date of a definitive agreement the organizations entered into in October 2019."

Ford Motor Co said on Thursday it was calling off its automotive joint venture with India's Mahindra and Mahindra Ltd due to the challenges caused by the Covid-19 pandemic.

The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to reassess their capital allocation priorities.

"The global economy and business environment are not the same as October last year," Ford spokesman TR Reid said.

The deadline to finalise a joint venture between the companies was December 31, and both made the decision to end the agreement rather than close a deal or extend the timetable to do so, Reid said.

In October 2019, Ford and Mahindra said they would form a joint venture in India in a move to cut costs for developing and producing vehicles for emerging markets. The companies said at the time they expected to launch three new utility vehicles, starting with a midsize SUV, and also jointly develop electric vehicles for emerging markets.

Asked if those vehicles were now canceled, Reid said, "At this point, there's nothing to talk about other than the joint venture isn't going to happen." Ford said its independent operations in India will continue.

Ford executives have repeatedly touted a company strategy that includes partnerships, including with Mahindra, as a way to increase efficiencies and reduce costs on its path to achieving 8% global operating profit margins. Reid said that strategy would continue when asked whether Ford would look to partner with another automaker in southeast Asia.

Mahindra said in its statement that the decision will not have any impact on its product plan and that it is accelerating efforts to develop electric SUVs.

The pressure to pursue mergers or alliances in the auto industry has grown as the costs of developing electric and self-driving vehicles drive companies to preserve funds for those efforts. France's PSA and Fiat Chrysler Automobiles NV expect to close their $38 billion mergers in the first quarter of 2021.

Source: Reuters

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Booking Open For Fresh 2021 make Ford EcoSport at 2020 price

9th December 2020
"Booking Open for the most sought after compact SUV Ford EcoSport 2021 make at 2020 price."

G.O. Automobiles Pvt. Ltd. (GO FORD), an authorized dealer for Ford vehicles in Nepal, has open BOOKINGS for Fresh 2021 make Ford EcoSport. Since its launch in 2013 and a major update in 2017 (introduction of Dragon Series Engine), Ford EcoSport has been the game-changer in compact SUV segment delivering Powerful performance, versatility, capability, rugged styling and sophisticated technologies for customers in Nepal.

ford 2021 booking

It has been continuously redefining the segment with new features and technologies. Due to the confidence of customers in Ford EcoSport, the model is sold out for the year 2020 and Booking has been opened for Fresh 2021 make vehicles at the 2020 price. However, this offer will be available for a limited period only.

BS6 emission norm compliant Ford EcoSport stays true to Ford’s fun-to-drive DNA and offers greater choice with powerful, capable & best-in-class petrol and diesel engine options. Ford is committed to offer products & technologies customers want & value. 

The 2021 EcoSport offers Ford’s latest three-cylinder 1.5-liter Ti-VCT petrol engine that delivers segment-best 122 PS of power & 149 Nm of torque. The petrol engine will continue to be paired with both five-speed manual transmission and six-speed automatic transmission.

The line-up will also include a BSVI compliant 1.5l TDCi diesel engine that delivers best-in-class 100 PS power and 215 Nm of Torque. The diesel engine is available with five-speed manual transmission.

Strengthening its value for money credentials, the 2021 Ford EcoSport lineup will offer a standard 3-year or 100,000 KM factory warranty.

The EcoSport will carry forward its bold, imposing stance with aggressive exterior & interior styling. The compact SUV also offers a sun-roof on half of its variants.

The 2021 Ford EcoSport offers unmatched safety, connectivity & convenience with:
•    Up to six airbags for enhanced protection for the driver and as well as passengers
•    Best-in-segment  infotainment system, with the 8-inch touchscreen as well as Apple CarPlay and Android Auto compatibility on top-of-the-line EcoSport variant
•    A 9-inch touchscreen-based, infotainment system & embedded navigation on most variants
•    Unmatched convenience with driver assistance features like automatic HID headlamps, daytime running lights, electrochromic mirror, rain-sensing wipers, push-button start, and scores of other intuitive features

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