The decision by Ford comes after it struggled for years to win over Indian consumers and turn a profit.
South Korean automaker giant Hyundai is said to be in talks with the iPhone maker for a joint project to produce self-driving electric vehicles.
Massive investments and turning $1.6 billion of debt into equity have started to pay dividends for the manufacturer of Russia's iconic Lada.
The controversial advert that sees a bride having her teeth and other attributes inspected by her prospective mother-in-law was meant to help revive flagging sales in China. Instead it created a stir and the advert has been pulled.
The carmaker's sales jump 10.4 percent over the comparable period a year earlier and far outpaced the overall market which expanded by 2.6 percent.
The decision makes Sweden-based company the first major traditional automaker to set a date for phasing out vehicles powered solely by the internal combustion engine.
The company denies installing devices to cheat on emissions controls from 104,000 diesels engines that it produced.
Forced retrenchments are not expected and the cuts are likely to come through voluntary layoffs.
Matthias Mueller is accused of holding back information from shareholders about the potential financial consequences from manipulating diesel emissions.
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