Ford Motor Company is investing ₹32.5 billion to revive its Maraimalai Nagar plant in Chennai, India, to produce high-end engines for export, marking its return to local production.
- Ford Motor Company will invest approximately ₹32.5 billion ($370 million) to revitalize its manufacturing facility in Maraimalai Nagar, Chennai, Tamil Nadu, focusing on engine exports.
- The investment aims to retool the Chennai plant to produce over 200,000 engines annually, significantly contributing to the local automotive industry.
- This initiative follows a memorandum of understanding with the Government of Tamil Nadu to support this strategic move, enhancing Fords presence in India.
Por Qué Es Relevante
This investment not only signifies Ford Motor Companys renewed commitment to India but also reflects broader trends in the automotive industry, highlighting the potential for growth in engine exports from the region.