New Delhi. There is good news for those who love Ford cars in India. American automaker company Ford has indicated a return to India again. It is believed that the company will now show its strength in the electric segment. The company will also export these electric cars. Ford India had announced its exit from India in September last year.
Ford is one of the 20 automobile companies that have been selected under the PLI scheme of Rs 25,938 crore. It is a production linked intensive scheme for the manufacture and sale of electrics products.
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The company will make electric car
The government has accepted the application of the company given under this scheme and has shortlisted it. It is believed that Ford will produce electric cars at the Sanand plant in Gujarat. Ford has two car plants in India. The carmaker had earlier revealed its plans to invest $30 billion in EVs and batteries.
The company will make a more economical car
Before leaving India, Ford had production at two plants located at Sanand and Maraimalai. The carmaker has said that it may use a plant in India to produce electric vehicles. This could mean that Ford could overtake many other global companies in producing more affordable EVs.
Ford’s approval shocks Tesla
The government’s approval to Ford Motor to make electric cars in India with incentives is being seen as a setback for Tesla. The world’s largest electric vehicle maker has been trying to enter India for the past several months. Still working. However, Tesla has not yet shared its production plan in India.
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Many cars of the company were popular
When Ford exited India, it had said that it would continue to bring its cars through Completely Built Unit (CBU). In which its models like Mustang will also be included. When Ford left India, the carmaker was selling models like the Endeavor, EcoSport, Figo, Figo Aspire and Freestyle in India.
Tags: auto news, Car Bike News, Electric Car, Electric Vehicles
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