Ford to restart manufacturing in India, for exports
Ford announced on September 13, 2024, its intention to repurpose its Chennai plant in India for manufacturing vehicles aimed at export markets as part of its Ford+ growth plan. The decision was confirmed through a Letter of Intent submitted to the Government of Tamil Nadu following a meeting between Ford leadership and the Chief Minister during his visit to the United States.

Passenger vehicle wholesales dip 2% in August as OEMs cut dispatches
Domestic passenger vehicle wholesales declined by about 2% year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand. According to data issued by the industry body Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last month compared to 3,59,228 vehicles in August 2023, a dip of 1.8%.

Preparing to utilise Chennai manufacturing plant for exports: Ford

The announcement follows a meeting between Ford leadership and Tamil Nadu Chief Minister MK Stalin as part of his visit to the United States, Ford said in a statement. "This step aims to underscore our ongoing commitment to India as we intend to leverage the manufacturing expertise available in Tamil Nadu to serve new global markets," Ford International Markets Group President Kay Hart said. Ford said the strategic move will see the facility repurposed to focus on manufacturing for export to global markets, as part of the company's ambitious 'Ford+ growth plan'. It, however, said further information about the type of manufacturing and other details will be disclosed in due course.

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