Ford to triple exports from India |
Ford Motor Co has invested $1 billion in a new plant in Gujarat in western India that will help the automaker triple exports. Ford`s Chief executive Mark Fields announced plans to make India an export hub for compact cars, which include the EcoSport, a sub-four meter sports utility vehicle, and the newly launched compact sedan, Ford Figo Aspire, the first car to be produced at the new facility. The new manufacturing facility will nearly double the company`s installed production capacity in the country to 610,000 engines and 440,000 vehicles a year. Fields said this at the launch of the new facility.
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