Jan 9th, 2008 by RJ Menezes
India is soon emerging as an important future automotive market. You can tell because so many global auto manufactures are investing big bucks there. One of them is Ford.
The Detroit based auto giant announced Tuesday plans to invest around $500 million in it’s Chennai assembly plant in India, adding production of a new small car by 2010 and constructing an integrated engine manufacturing facility to build gas and diesel engines.
The plant will focus on building small cars, including the new Ford Fiesta. Ford has a keen eye on meeting the demands of the Asian market by strategically placing itself at the foothold of this rapidly emerging market. The Chennai facility, when the expansion is completed, will be able to produce 200,000 vehicles and 250,000 engines a year.
This shows how important those markets really are…