According to PTI report, Car maker Ford India is understood to be in discussion with the Gujarat government to set up its second manufacturing plant in the country, as it gears up to introduce eight new products by 2015. PTI quotes officials from the state government and says that the company officials are likely to meet to Gujarat government officials in Hyderabad to discuss setting up a plant in the state on the sidelines of its roadshow on December 3.
However when contacted, Ford India President and Managing Director Michael Boneham declined to confirm the development.
“We had announced to launch eight models in India in the next five year. Accordingly, we will expand our capacities and we are exploring various options, but nothing has been finalised.”
“All the names of locations that are being mentioned at present are speculative. We will announce when a decision is finalised,” Boneham told PTI.
In August, Ford had announced to launch eight new models in India by 2015 in a bid to tap the burgeoning domestic car market, which is over 15 lakh units annually.
The company has already invested USD 500 million to expand its production capacity to two lakh units annually at the Chennai facility. It also has an engine manufacturing unit, with an installed annual capacity of 2.5 lakh units.
Ford has so far invested over USD 1 billion in India in the last one decade.