Simply put, the decision was taken in the wake of huge loss that the company has accumulated in the past few years. The company said that it had accumulated losses of over $ 2 billion, $0.8 billion non-operating write-down of assets in 2019, in the last 10 years. This is due to a small market share it could capture in the last 10 years. The market share of the company is still 1.8 per cent.All of a sudden, around 4000 workers were informed that they will be losing their jobs next year.Some of employees was working there since beginning 26 years ago when company was started in 1995.They never had a clue about the plant shutting down. It was one-way communication. On Thursday (September 9) afternoon. Employees are totally shocked. Many of Ford India’s 4,000-plus permanent employees would be displaced as a result of the decision.However, Ford has told that they will work closely with employees to find them some other jobs.The Indian automobile market is dominated by Japan’s Maruti Suzuki and South Korea’s Hyundai, both of them together constitutes 60 per cent of total market share. On the other hand, Ford managed to have a market share below 2 per cent since last many years. In August, Ford had a share of 1.4 per cent in the Indian markets.