Ford Motor Company’s newly appointed CEO Mr. Mark Fields who took over the proceedings from Mr. Allan Mullaly on July 1, was on a market review visit to India in the month of June. During his visit, Mr. Fields held a meeting with the Indian PM Mr. Narendra Modi and the former updated the latter on the progress of Ford’s upcoming plant in Sanand, Gujarat.
Economic Times reports that during the meeting, Mr. Modi urged the Ford CEO to put the Sanand plant in the global manufacturing map by adding more export markets. The USD 1 billion plant is expected to go on stream on the 1st of April 2015 and expand Ford India’s manufacturing capacity by more than two folds.
Flat out, the plant would have an annual production capacity of 2.5 lakh units while the initial production capacity is expected to be around 1.4-1.5
Economic Times reports that during the meeting, Mr. Modi urged the Ford CEO to put the Sanand plant in the global manufacturing map by adding more export markets. The USD 1 billion plant is expected to go on stream on the 1st of April 2015 and expand Ford India’s manufacturing capacity by more than two folds.
The Ford Figo sedan (called as the Ka+ in Brazil) would be built at the Sanand plant alongside its hatchback sibling.
