Ford Motor to Re-Enter indian Market with chennai Plant Restart

Ford Motor Company announced on friday that it plans to restart its manufacturing plant in chennai, tamil Nadu, focusing on exports. This move marks Ford’s return to india, where it had ceased operations in 2021.

The decision to re-enter the indian market comes after a meeting between ford executives and tamil Nadu chief minister M.K. stalin during his recent visit to the United States. The company has formally communicated its intentions to the tamil Nadu government through a letter of Intent (LOI), signaling its plans to use the chennai facility primarily for export purposes.

According to a report by Livemint, ford is also in discussions with JSW regarding the resumption of its operations in India. This initiative aligns with Ford's ‘Ford+ growth plan,’ aimed at utilizing the manufacturing capabilities in tamil Nadu to access new global markets. ford international Markets Group President Kay Hart emphasized that this step highlights the company's continued commitment to India.

Ford's renewed presence in india will focus on exporting vehicles to international markets, with further details about the specific types of manufacturing planned to be announced later. The company currently employs around 12,000 people in tamil Nadu's Global business Operations, and this number is expected to increase by 2,500 to 3,000 jobs over the next three years.

With this move, india will remain a significant part of Ford’s global operations, representing the company's second-largest salaried workforce worldwide, alongside its engine manufacturing operations in Sanand. This announcement follows Ford's 2021 decision to halt vehicle production in india after struggling for nearly three decades to establish a strong market presence. While ford sold its Sanand plant to Tata Motors, it had faced delays in winding down its chennai operations, initially targeted for completion by mid-2022.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

#Ford

Balasahana Suresh

13/09/2024 07:41 PM