New Delhi: American company Ford Motor is going to enter India again. Ford had withdrawn its business from India in 2021 due to continuously declining sales, but now the company is preparing for a fresh comeback. There is a plan to reopen the Chennai plant, which will employ thousands of people. However, the company will not enter the Indian market directly, rather this plant will be operated through a third party.

Big export planning will be done from the Chennai plant

Ford's Chennai plant, which earlier exported vehicles to 37 countries, will now resume operations. According to the report, around 2 lakh vehicles and 3.40 lakh engines will be manufactured here every year, which will be sent to the international market. The company hopes that it will get more profit from exports than from sales in India.

Agreement with the Tamil Nadu Government

Ford Motor has recently signed a Letter of Intent (LoI) with the Tamil Nadu government. Under this, the company has promised to restart its manufacturing unit. Located in the Maraimalai area of ​​Chennai, this plant is spread over about 350 acres.

Ford's journey in India so far

1926: Ford sets foot in India for the first time.

1953: Ford India is closed due to changes in import regulations.

1995: Ford returns to India through a joint venture with Mahindra & Mahindra.

1996: Ford's first car, the Escort sedan, was launched.

1998: Ford's stake in the joint venture is increased and it is named Ford India.

2003: Ford launches its first SUV, the Ford Endeavour.

2010: The launch of the Ford Figo boosts the company's sales.

2013: Ford EcoSport makes a grand entry into the SUV segment in India.

2019: Ford and Mahindra again formed a joint venture, but the partnership ended in 2020.

2021: Ford announces winding up of India operations and sells its Sanand plant in Gujarat to Tata Motors.

Signs of return, new plans

Now Ford's export-focused strategy through its Chennai plant is raising new hopes in India. However, the company has not yet clarified which vehicles will be introduced in the Indian market.