Ford plans to revamp its Chennai plant for electric vehicle production in India within a year.

Ford is considering re-entering the Indian market with a focus on electric vehicles and sustainability, driven by the new EV policy that aims to make India a global EV manufacturing hub. The company previously invested $2B in India and plans to revamp its Chennai plant for production within a year, if approved. Ford believes India will lead global auto industry growth as Western markets stagnate.

August 03, 2024
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