Chennai, May 1: Leading automobile manufacturer Ford Motor Company has chalked out major plans to increase capacity at its engine and car assembly unit and start export business from India.
Talking to newsperons after taking over as President and the Managing Director of the Ford Motor Company Michael Boneham said the expansion plans in India, includes moving volume production of both engines and vehicles, following earlier announcement this year to invest an additional 500 million US Dollars in Indian operations.
''We would be doubling our capacity from our current production of one lakh car within couple of years,'' he said adding the engine unit would export its components to other countries in the next two years.'' He said the plant, equipped with advanced manufacturing technology from Ford, provides employment to about 2,000 people directly and many more thousands indirectly and has a capacity to manufacture upto 1,00,000 vehicles per annum.
''Currently, the first phase of engine plant production is only for domestic use,'' he said adding the company's export business would start in the second and third phase expansion programme of our engine plant.'' Mr Boneham succeeds Arvind Mathew, who has been appointed to play a leadership role within the global product development team, and relocate to Ford Motor Comany's world headquarters in Dearborn, Michigen.