Ford cancels Chennai plant sale deal with JSW group

American car company Ford cancels deal with JSW group for Chennai plant, indicating a possible change in its India exit strategy. The company had also been in talks with Mahindra & Mahindra and Vinfast for the sale of the plant. Sources suggest that Ford may now want to maintain a manufacturing presence in India and is looking to hire people in certain functions. However, Ford has not made a final decision on coming back to India.