Ford Motors has announced investments to the tune of INR 1,300 crores for a new facility in Chennai. This new round of investment will be used to build a Global Technology and Business Center.
This new facility will span over 28 acres, making it one of the largest automotive facilities, after manufacturing plants in the country. It will include an R&D Center along with a product testing center for its future products.
The announcement was made at the IACC conclave on Indo-US Partnership ‘The March towards $100 billion trade’, by David Dubensky, Managing Director, Ford Motor Pvt Ltd. The new center is expected to commence operations in early 2019 and will have all IT and IT enabled services under its gambit.
An MoU to this effect has already been signed with the Tamil Nadu government while the company has also received the go ahead from Board of Approvals for special economic zones (SEZs) under Ministry of Commerce.
While as on date, Ford Motors employs around 10,000 people in India, across its facilities, the new Ford facility at Shollinganalur, near Chennai will see an additional 2,000 employees.
To date, Ford Motors has invested over $2 billion in India (INR 13,000 crores). Ford Sanand and Chennai plants have capacities to product 610,000 engines and 440,000 passenger vehicles per annum. Apart from manufacturing cars for the domestic market, these plants also produce cars which are exported to more than 50 countries across the globe.