This time, the focus will be likely on electric vehicles, with exports aimed at Southeast Asia.
The Maraimalai Nagar factory, closed in August 2022, is set to become a key part of the company's "Ford+ Growth Plan" to tap into global markets, underscoring the automaker's renewed interest in the country.
The move follows a push from Tamil Nadu's Chief Minister MK Stalin, who a couple of days ago had visited Ford's headquarters in Dearborn, Michigan. The state government, in its meetings with Ford's top executives over the past several months, underscored Tamil Nadu's burgeoning EV ecosystem, with companies like Vinfast and Tata JLR choosing the state for new plants.
The announcement of Ford's return to India was made by Kay Hart, president of the automaker's international markets group, who noted that the company has submitted a letter of intent to the Tamil Nadu government.
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Low valuation sparks interest in IndusInd
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BITING THE BULLET
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