"Within that total will be about $0.3 billion of non-cash charges, including accelerated depreciation and amortization. The remaining cash charges of about $1.7 billion will be paid primarily in 2022 and are attributable to settlements and other payments," the company said. According to India Ratings, Ford group companies accounted for over 49 per cent of the sales volumes of Ford India, which exports to various countries on a cost-plus basis, during FY21 (FY20: 66 per cent). "Furthermore, FIPL (Ford India) is the sole manufacturer of the Ecosport model sold in the US; and the Aspire and Figo models sold in Mexico and South Africa," the credit rating agency said. "However, in FY21, FIPL's total sales volume constituted only 4.6 per cent of FMC's (Ford Motor Company) total global volumes during the year. Moreover, FIPL is also one of the two manufacturers of powertrains for the top selling Rangers model sold in the Asia Pacific region (excluding China), Middle East and Africa," India Ratings said.