Business

Ford Motor Announces Return To India With Chennai Plant Revival

US automaker Ford Motor is making a notable return to India. The company will restart its manufacturing plant in Chennai and hire 2,500 to 3,000 new employees. The announcement came on Friday, marking a significant step in Ford’s strategy to boost exports from India.

Commitment to Tamil Nadu and Expansion Plans

Kay Hart, President of Ford International Markets Group, highlighted the move as a sign of Ford’s ongoing commitment to India. She emphasized the intent to utilize Chennai’s manufacturing expertise to serve new global markets. In a LinkedIn post, Hart shared that Ford has submitted a letter of intent (LOI) to the Tamil Nadu government, detailing plans to use the Chennai plant for export manufacturing.

The decision follows extensive discussions with the Tamil Nadu government. Hart acknowledged their support and mentioned that further details about the manufacturing plans and target export markets would be shared soon.

Previous Exit and Future Prospects

Ford Motor ceased operations in India in 2021 due to low sales and financial losses in the competitive automotive market. Tamil Nadu Chief Minister MK Stalin had earlier announced engaging discussions with Ford about renewing their partnership. He also highlighted his recent visits to the headquarters of tech giants like Google, Apple, and Microsoft, securing investment agreements for Tamil Nadu.

Hart noted that the revival would expand Ford’s Chennai workforce. The global Ford Business Solutions team in Chennai currently exceeds 12,000 employees, with plans to add 2,500 to 3,000 more in the coming years. Ford also operates an engine manufacturing facility in Sanand, Gujarat. India remains Ford’s second-largest employee base worldwide.

Also Read: J&K Elections: PM Modi To Address Rally In Doda On Saturday

Ajaypal Choudhary

Recent Posts

‘In Kabul, A Cat Has More Freedom Than A Woman’: Revisiting Women’s Struggles Under The Taliban

The Taliban’s regime has since imposed over 100 laws restricting women's rights, stripping them of…

4 hours ago

PM Modi’s Gifts: A Glimpse Of India’s Cultural Heritage In Global Diplomacy

These gifts to world leaders reflect the diverse traditions, arts, and crafts of India, emphasizing…

7 hours ago

Dr Rajeshwar Singh Calls For Bold Goals To Make India A Global Power By 2047

Dr Singh stressed the importance of reaching a GDP of $15 trillion by 2047 to…

8 hours ago

Gautam Adani Faces Indictment In US: Legal Expert Vijay Aggarwal Dismisses Immediate Repercussions

Criminal lawyer Vijay Aggarwal weighed in on the charges against Adani. He believes the indictment…

8 hours ago

Adani Group Stocks Recover As Sensex nd Nifty Post Gains

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements…

9 hours ago

Sensex Soars 1,961 Points, Nifty Gains 557 In Broad-Based Market Rally

A sharp rally in financial stocks and encouraging US labor market data fueled the uptrend.…

9 hours ago