It’s not news anymore, that American car manufacturer Ford is planning to reenter the Indian market. Now a media report suggests that Ford could even be planning to produce its electric vehicles here in India. Reports reveal that the company’s president, International Markets Group, Kay Hart, has already visited India to assess the comeback of Ford in India.
Ford to Restart Manufacturing in India?
When Ford exited India operations, its manufacturing plant was shut down but the company did not sell the factory. Kay Hart could be assessing to restart the Maramalai Nagar production plant which is close to Chennai. The brand is also reportedly evaluating the production of electric vehicles in India for domestic consumption as well as for exports. The reopening of the plant will also attract 2500 to 3000 new jobs in the area for the local public.
Spyshots in the past have revealed that Ford has already imported a few units of the Everest in India. The brand could be assessing its feasibility for India and to keep costs in check, Ford is likely to manufacture the SUV at the Chennai plant. In addition to this, the company is also likely assemble the Mustang Mach-E in India.
Ford Working on EV Platform in Secret
Reports also reveal that a new electric vehicle platform is likely to be developed for sale in local markets as well as for international exports. Furthermore, this new electric vehicle platform has been in development secretly for more than two years now. Thanks to the revised electric vehicle policies by the Government of India, the company would now be able to cope up with the Indian cost structures. New EV policies introduced recently will also allow the brand to import the Mustang Mach-E with the reduced 15% customs duty.
However, Ford is yet to officially comment of any of the above.
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