American automobile giant Ford did a ground breaking ceremony at Sanand, Gujarat for its new state of the art integrated vehicle and engine manufacturing facilities. Ford plans to invest over USD 1 billion in this new plant which creates 5000 new jobs. The plant will have capacity to produce 2,40,000 vehicles and 2,70,000 engines per year with the first product coming out in 2014.
Ford with the establishment of a second plant in India is very serious about the Indian market. President and Managing Director of Ford India said “With this groundbreaking, Ford is planting the seeds for a prosperous future in Sanand for our future employees, suppliers, dealers and customers. As good corporate citizens we will be first-rate stewards of this land and active participants in this community.”
Till now Ford has invested over USD 2 billion in India. The company had announced it will launch 8 new models in India in this decade, the first one – All new Ford Fiesta being already launched. Ford plans to increase its sales and dealer network to 200 by the end of this year. In 2011, Ford has continued to grow aggressively in India by opening one service or sales outlet every week.
Ford with the establishment of a second plant in India is very serious about the Indian market. President and Managing Director of Ford India said “With this groundbreaking, Ford is planting the seeds for a prosperous future in Sanand for our future employees, suppliers, dealers and customers. As good corporate citizens we will be first-rate stewards of this land and active participants in this community.”
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