Massive investment of US$30 billion by Ford India could return as EV maker thanks to govt PLI scheme

Massive investment of US$30 billion by Ford India could return as EV maker thanks to govt PLI scheme.
An approval under the government’s PLI incentive scheme could see Ford locally manufacturing EVs at one of its plants in India.
Barely six months on from Ford India shutting down local manufacturing, we now have news that the American giant could potentially restart making cars here, having been granted approval under the government’s PLI scheme.

Kapil Sharma, director, Communications at Ford India, confirmed to Autocar India that the firm is looking into restarting operations by manufacturing electric vehicles, saying, “We thank the Government of India for approving Ford’s proposal under the PLI scheme for the automobile sector. As Ford leads customers through the global electric vehicle revolution, we’re exploring the possibility of using a plant in India as an export base for EV manufacturing.”
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Reference news -https://www.autocarindia.com/car-news/ford-india-could-return-as-ev-maker-thanks-to-govt-pli-scheme-423527
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Chapters
00:00 Ford close manufacturing in India
00:19 Ford India could return in India
00:32 India is Automotive Global manufacturing hub
00:57 mede in India Ford ka export
02:06 end
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