Ford: Ford’s name in Modi government’s PLI scheme, possibility of making cars in India again, but this time electric

American multinational carmaker Ford has stopped production in India since September last year. In the last 10 years, the company’s loss of Rs 15,000 crore was blamed for this. It was their turn to slowly roll away from this country, this was the idea of ​​many. The news was leaked that the company had expressed its desire to buy the Tamil Nadu factory from a foreign car company. However, this time around, Ford said that on Thursday, the Modi government had approved a proposal for their Production-Based Incentive Project (PLI).

Accordingly, it is certain that they are not wrapping lots in India right now. In fact, Ford will build electric cars in Indian factories, which is why they have applied to come under the government project. However, electric vehicles made on Indian soil will be exported to foreign markets, the company said. At the same time that the demand for electric vehicles is increasing in India, almost all the car companies abroad are looking at the domestic market. Therefore, it is not certain now that Ford will not bring such a car in the Indian market in the future.

“Ford is playing a leading role in the ‘electric vehicle revolution’ around the world,” the company said in a statement. We want to export Indian-made electric vehicles to overseas markets. Besides, now we have nothing special to say. I will let you know if there is any possible project in future. ” However, Ford plans to launch iconic cars such as the Mustang coupe for Indian customers.

Incidentally, Ford has factories in Sananda, Gujarat and Chennai, Tamil Nadu. Where internal combustion engine (ICE) cars were made. The company said it would stop production at the factory from September last year. However, for the next five years, they decided to keep the engine factory in Sananda for Indian customers.

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