A view of Ford`s Maraimalai Nagar plant near Chennai
Ford`s India plans
FordMotor Company sees India as one of the priority markets for futuregrowth within the growing Asia Pacific & Africa region. Earlierthis year, we made an announcement to invest more than $500 million inIndia over the next three years to expand Ford India`s operations. Thisinvestment is a reflection of our confidence in the future potential ofthe market and the aggressive growth strategy we are planning toimplement.
The overall investment plan has already commenced,and will be phased in over the next couple of years. The first phase isalready underway we have set up a diesel engine assembly plant toproduce diesel engines for our Fiesta and Fusion products.
Subsequentphases of investment will accommodate production of a small car, andthe construction of a new flexible diesel and petrol enginemanufacturing facility.
Over next 5 years, Ford India willfurther strengthen its position in the market and will be a significantplayer in the increasingly dynamic auto market. We will double ouroperations to compete significantly in various high growth segments.
Wewill grow on all fronts such as expanding our dealership base, withhigher penetration in tier 2 and 3 markets, growing and developing oursupplier base and human resources within our operations.