Ford Eyes India for Global Export Expansion
Briefly

Ford's President of International Markets Group, Kay Hart, mentioned that the company's recent Letter of Intent to Tamil Nadu marks a renewed commitment to leveraging local manufacturing expertise for exports. This move comes after multiple discussions with the Tamil Nadu Government, including a meeting with the Chief Minister during his US visit. Hart emphasized that they aim to adapt their Chennai plant for new global market demands, showcasing Ford's dedication to revitalize their presence in India.
In addition to the strategic expansion plans, Ford intends to bolster its workforce at the Chennai facility, aiming to create approximately 2,500 to 3,000 new jobs. This intention to hire comes after previously announcing the shuttering of its Indian factories in 2021, demonstrating a significant turnaround strategy. The investment focuses on utilizing the skilled labor force in Tamil Nadu, as Ford seeks to fulfill manufacturing needs for international exports while reaffirming its long-term vision in India.
Read at TESLARATI
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