Ford Aims to Triple Exports from India with New Plant
26 March 2015 - Automotive News
SANAND, Gujarat, India (Reuters) -- Ford Motor has invested $1 billion in a new plant in western India that will help the automaker triple exports from the country, CEO Mark Fields said.
Ford plans to make India an export hub for cars such as the EcoSport, a subcompact SUV that it exports to Europe from India, and for its new Figo Aspire, which is based on the European Fiesta.
The new factory here will nearly double Ford's installed production capacity in India to 610,000 engines and 440,000 vehicles a year, Fields said at the launch of the plant today.
The Sanand plant will have an initial installed annual capacity of 240,000 vehicles and 270,000 engines, Ford said in a statement.
Ford currently builds the EcoSport at its plant in Chennai in southern India.