|7th August 2015, 16:13||#1|
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Ford plans to export 2 lakh cars per year by 2020
Ford has revealed that it has plans to make India a major manufacturing and export hub in the future. The company aims to increase its production capacity to 4.4 lakh cars per year in the country by 2020. Out of this, it plans to export more than 2.2 lakh cars every year to markets such as Europe, Africa, Middle-East and Asia-Pacific.
Ford has not been doing very well in India. The only car from its stable that manages to sell in decent numbers at the moment is the EcoSport. The company's low production capacity did not let the EcoSport achieve the sales numbers that it could have.
With the start of the new plant at Sanand and the introduction of the Ford Figo Aspire compact sedan and hatchback, the company will be looking to change its fortunes.
Source: Economic Times
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