Ford Figo hatch and sedan India production to start in April 2015
Sanand is fast turning into a large industrial hub which got off to a flying start when Tata Motors opened its project in the area while Ford Motors pumps investment to the tune of $1 billion (INR 5,800 crores) into a new plant in the region.
Ford has already revealed the next gen Figo sedan and hatchback for their market in Brazil. Even in India, at the 2014 Delhi Auto Expo earlier this year, Ford showcased the Figo sedan, which will be a sub 4 meter sedan. To be launched in petrol and diesel powered options, it will compete with the likes of Maruti Swift, Hyundai Grand i10 in the hatchback segment, and Maruti DZire, Honda Amaze, Hyundai XCent in the sedan segment.
Apart from this, it is now revealed that India’s Prime Minister, Narendra Modi wants Ford to make Sanand an export hub. PM Modi has requested Ford Motors to put Sanand and India on the global map by exporting cars from their Sanand plant.
Narendra Modi’s sentiments to convert Sanand into an export hub were revealed to Mark Fields, Global CEO of Ford in a recent interview. This interview was originally planned for 10 minutes but which went on for half an hour, showing the interest level of PM Modi in the project.
Mark Fields took over as CEO of the company visited India along with Raj Nair, Head and CFO, Global Product Development. Ford has a long standing relationship with Narendra Modi in his prior role as Chief Minister of Gujarat where the new manufacturing unit will be situated at Sanand.
Ford has extensive plans where its India operations are concerned. 8 new products by 2015 have been planned and the company is stepping up plant capacities to support this production plan.
via Economic Times
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