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Ford to invest INR 750 crore in Chennai plant
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Tuesday, 24 Jan 2012
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US based carmaker Ford said it would make fresh investments of INR 750 crore in its manufacturing facility here for the latest SUV 'Eco Sport', taking the total investment figures to INR 5,630 crore.

Mr Michael Boneham MD who called on Tamil Nadu chief minister Ms Jayalalithaa said that Ford has decided to make further investment of INR 750 crore in its plant.

Ford Motor India has so far invested INR 4,500 crore at the Maraimalai Nagar plant. It produces four models, including Figo, Fiesta Classic, Global Fiesta and Endeavour.

In 2011, Ford announced an investment of INR 380 crore to set up their engine manufacturing facility.

The facility employs 5,000 people and the fresh investments would create another 400 jobs.

The 'Ecosport' will be the second made-in-India product for Ford, after its highly successful hatchback 'Figo'. Ford plans to introduce eight products by mid-decade in India.

(Sourced from PTI)

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