Ford confirms India re-entry plans, Chennai plant to reopen after 2 years
Bengaluru/IBNS: American multinational automobile manufacturer Ford Motor on Friday (Sept. 13) announced plans to restart a manufacturing facility in Tamil Nadu, potentially re-entering the Indian market it exited three years ago, according to a report by Reuters.
The automaker said it has submitted a letter of intent to the state's government, following discussions with Tamil Nadu's chief minister about resuming production in the region for export purposes.
Ford halted its domestic car production in India in 2021 due to difficulties in increasing sales volumes and ceased its export operations in 2022, marking its exit from the world’s third-largest car market, which is largely dominated by Asian competitors.
The company stated that the facility will be repurposed to focus on manufacturing vehicles for global export, while details regarding the specific models to be produced at the plant and other related information will be revealed at a later date, reports Reuters.
Previously, Ford's Chennai plant was involved in the production of cars and engines.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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