Ford to invest $ 500 million to expand operations in India
With plans to produce a small car in the next two years, Ford has announced that it would invest $500 million in the next three years to expand its operations in India.
Ford Motors executive voce President (Asia Pacific & Africa) John Parker recently told a press conference in New Delhi that the investment had already been put in place and would be completed in the next three years.
The company would also come up with a state-of the art fully integrated engine manufacturing plant, capable of manufacturing next generation diesel engines & petrol engines, with an installed capacity of 250,000 units.
The investment would help the company expand manufacturing capacity to 250,000 cars from the present 200,000 cars, he said.
Ford India’s Managing Director Aravind Mathew said the company had added 20 new authorized dealers in 2007, bringing the total to 130.