Ford India plans INR 2,000 crore investment in Chennai facility
It is reported that Ford India Limited, a wholly owned subsidiary of Ford Motor Corporation, is planning an additional INR 2,000 crore investment into its facility at Maraimalai Nagar near Chennai.
The fresh investment will be primarily used to set up a small car facility, expand the existing production base and establish a fully integrated and flexible engine making plant. The investment plan will be implemented in phases over the next 3 years. The first phase of the plan has already commenced and will include the addition of a diesel engine plant at Maraimalai Nagar with an initial annual capacity of 50,000 units. The first engine is expected to roll off the assembly line by April 2008.
The proposed state of the art engine facility, to come up adjacent to the vehicle plant, will produce both diesel and petrol versions. It will have an annual capacity of 250,000 units and is expected to go on stream within 2010.
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