Ford To Increase Chennai Plant Capacity To 200,000 Vehicles By 2010
Plans to infuse $500m in the Indian facility
Ford India Motor, a wholly-owned subsidiary of the US auto major, Ford Motors, plans to invest $500m to augment the production capacity at its Chennai plant to 200,000 vehicles by 2010 - reported THE ECONOMIC TIMES.
Michael Boneham, president and managing director of Ford India informed that the company would be one of the major production hubs for the parent company's operations in the Asia-African region.
The targeted 200,000 vehicles include a new small car that would be introduced in 2010 in the Indian market, and would also be exported to Africa and the Asia-Pacific markets.
The Indian arm of Ford Motors exports the Fiesta mid-size sedan to South East Asia. The company is also planning a new engine plant with an initial capacity of 60,000 units that would also be exported to different overseas markets.
The US auto major, which has not taken any financial bailout package from the US government, is developing China, Thailand and South Africa, as its other major manufacturing hubs, quoted the newspaper.
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