Ford To Open A New Global Technology And Investment Centre In Chennai

(The Ford EcoSport Facelift launch is on the cards as well)

Ford's executive chairman William Clay Ford (JR), visiting Chennai for the announcement said "The Chennai facility will become Ford's second-largest centre of employment globally after Dearborn in the United States of America. India is not only a vibrant market for cars and new mobility ideas, it also is rich with talent, technical expertise and ingenuity"

(Ford will invest Rs. 1,300 Crore in a new Technology and Investment Centre in Chennai)

Earlier inundefined undefinedSeptember 2016 at the Ford Investor Day in Dearborn, Mark Fields, President and CEO, Ford Motor Company, said, "Ford is taking a new look at how to lead in select emerging markets. The company sees Russia and South America positioned for recovery, ASEAN remaining profitable and a path to profitable growth in Middle East and Africa. As it pushes for a path to profitability in all emerging markets, Ford is re-evaluating its strategy and business model for India."

Currently Ford has 2 plants in India - in Chennai and Sanand with a total annual capacity is about 4.40 lakh units. In the current fiscal's April-September 2016 period, the company has sold a total of 46,422 units and exported 73,821 units.