The automaker will invest USD 195 million (about Rs 1,300 crore) and would employ 3,000 workers over the next five years, Ford Executive Chairman Bill Ford said in the Tamil Nadu capital today.
US auto major Ford Motor Co on Friday said it and India's Mahindra & Mahindra have decided to scrap their previously announced automotive joint venture and it will continue its independent operations in India as it is. The two companies determined that they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the December 31, 2020 'longstop' or expiration date of a definitive agreement the organisations entered into in October 2019, Ford Motor Company said in a statement.
With the diesel-powered vehicles looking to form a large chunk of the automobile market in the next three to four years, Ford India is planning to set up a diesel engine facility in its existing 350 acre complex in Chennai.
The company has got six variants in total -- two petrol variants, two diesel variants and two automatic variants.
The new SUV has been made more stylish, dynamic and comfortable while retaining its core DNA.
Maruti sold 191 units of SX4 sedan in January 2014.
Ford to launch new compact car Figo Aspire in India
In a boost to the electric vehicle boom in India, Taiwanese major Hon Hai Technology Group (aka Foxconn) is likely to set up an EV manufacturing unit in India through its subsidiary Foxtron. Amid speculation that the company may look at Tamil Nadu and probably the Ford India unit near Chennai for its new facility, sources indicate that the group was already betting big in the electric vehicle component space in India through Bharat FIH, which is already having a tie up with companies like Ola Electric and Ather. Bharat FIH currently has two manufacturing units in Tamil Nadu's Sriperumbudur that manufactures phones like Apple iPhones and Xiaomi phones.
South Africa's Graham Ford has turned down the post of India's new national cricket coach and has decided to stay with Kent, his county club said on Monday.
New Zealand's big-hitting opener Chad Bowes smashed the fastest double hundred in List A cricket on Wednesday, reaching the mark in just 103 balls.
To celebrate its 50 years of making SUVs, Ford invited MotorBeam all the way to the Philippines to drive their various offerings at different kinds of terrains to show off their true capabilities.
Ford's compact SUV will challenge not only the entry-level utility vehicles but also the premium hatches and compact sedans.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
A quick look at the winners of the 82nd Annual Golden Globe awards.
India is among the countries where US-based auto maker Ford has announced 25 mobility experiments this year to test breakthrough transportation ideas for creating better customer experiences.
According to CITU, around 90% of the 1,723 workers of the Sriperumbudur plant are participating in the strike. Samsung said it is ready to talk to employees and not a third party like CITU.
EcoSport will be offered in four variants in petrol and diesel, mated with automatic transmission for effortless driving.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
Ratan Tata was one of the world's most influential industrialists yet he never appeared on any list of billionaires. He controlled over 30 companies that operated in over 100 countries across six continents yet lived an unpretentious life. Ratan Naval Tata, who died at a Mumbai hospital on Wednesday night at the age of 86 years, enjoyed a perhaps unique status -- a corporate titan who was considered a 'secular living saint' with a reputation for decency and integrity.
Former South Africa physio Craig Smith says it was unfortunate that India missed out on Graham Ford's services as coach of the national team.
Never before in history have Cannes and its sidebars found space for eight Indian, or India-themed, films.
Canadian Member of Parliament Chandra Arya also condemned the violence and said that a "red line has been crossed" by Khalistani extremists, highlighting the rise of brazen violent extremism in Canada.
Ford Motor Co plans to triple exports from India.
India has exported passenger vehicles worth $268 million to the US in three months ended June
Ford has been appointed as India's cricket coach for a one-year period.
Highlighting the importance of the Indian market, US auto giant Ford Motor Co on Tuesday had the first public showing of its new mid-size premium car 'Fiesta' with company chairman and CEO Bill Ford promising further investments
Maruti Suzuki India (MSI) on Monday reported a 29.1 per cent rise in total sales in October.
Of the 15 car manufacturing companies in India, eight have a market share of below 2 per cent, raising questions about their long-term future in a competitive market that has already seen Ford Motors and General Motors slam the door on India.
The United States on Friday expressed concern over India's crackdown on Ford Foundation and Greenpeace, and said it is seeking "clarification" on the action.
Meet Nuwan Seneviratne, the left-arm throwdown specialist of the Indian team.
Sukanya Verma gives us some interesting options.
Ford unveiled the global Ford Figo Concept in India, a move aimed at strengthening the company's compact car portfolio.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
The 1,14,000 affected vehicles will be repaired free of charge at GMI's 280 dealers, the company said.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
A sneak peek of some extraordinary entries for the 60th annual Wildlife Photographer of the Year event.
Although the credit for acquiring the technological skill must be given to India's outstanding nuclear scientists, the decision to go nuclear was a political one that entailed clarity of vision, courage and resolve, points out Rup Narayan Das.
There is another common trend among these three players - they are all registering a volume decline in a market that is expanding at over 8 per cent
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