Ford returns to Chennai for vehicle exports, plans to add up to 3,000 jobs.
Ford Motor Company has officially submitted a Letter of Intent to the Tamil Nadu Government to repurpose its Chennai plant for exporting vehicles.
On Friday, Ford Motor Company formally submitted a Letter of Intent (LOI) to the Tamil Nadu Government, indicating plans to convert its Chennai plant for manufacturing vehicles destined for export. This move comes after a recent discussion between Ford’s executives and Tamil Nadu Chief Minister M.K. Stalin during his visit to the United States. Tamil Nadu’s Industries Minister, TRB Rajaa, shared the news on X.com, highlighting Ford's return to Tamil Nadu after a year of efforts spearheaded by Chief Minister Stalin.
The updated strategy will repurpose the Chennai facility to focus specifically on exporting vehicles to global markets, aligning with Ford’s broader Ford+ growth strategy. Kay Hart, president of Ford International Markets Group, expressed gratitude for the Tamil Nadu Government’s support throughout the process. She emphasized that this decision reflects Ford’s ongoing commitment to India and its aim to leverage local manufacturing expertise for accessing new international markets. Further details on the types of vehicles to be produced and other specifics will be announced in due course.
Currently, Ford employs 12,000 people in Tamil Nadu and plans to add 2,500 to 3,000 more jobs over the next three years. The company also pledged to continue supporting its one million Indian customers with after-sales service, parts, and warranty support.
Ford ceased car production in India three years ago due to difficulties in increasing sales in a market dominated by Asian competitors. The company has also been considering using the Indian plant for electric vehicle (EV) exports.
Production halted after unsuccessful negotiations with Mahindra & Mahindra for a joint venture, which would have allowed Ford to operate at a reduced cost.
#FORD IS BACK 🌟
— Dr. T R B Rajaa (@TRBRajaa) September 13, 2024
A year of constant interactions and consistent pitches under the guidance of our @cmotamilnadu Thiru @mkstalin avl have today resulted in the return of #FordMotorCompany to #TamilNadu 🎉
Our CM's efforts to showcase TN's manufacturing prowess, its abundant… https://t.co/lanpPTNSMC pic.twitter.com/naJ0yptbjS
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