Ford to invest Rs 3,250 crore to make new-gen engines

FordThe automaker, which exited the Indian market in 2021, said it has signed a memorandum of understanding with the govt of Tamil Nadu, outlining its "strategic direction that leverages India's manufacturing expertise as part of the Ford+ plan".Following site preparation and investment in the project that will begin later this year, the Chennai plant will have a planned capacity of 2.35 lakh engines annually, with production expected in 2029, Ford said."With an initial expected investment of Rs 3,250 crore ...