Tamil Nadu state government holds talks with Ford in the US


MK Stalin met with Ford officials to discuss the future of their closed plant in Maraimalai Nagar.
Tamil Nadu Chief Minister MK Stalin on Wednesday said he had met with Ford officials to discuss the future of their shuttered plant in Maraimalai Nagar near Chennai.

"Had a very engaging discussion with the team from Ford Motors! Explored the feasibility of renewing Ford’s three decade partnership with Tamil Nadu, to again make in Tamil Nadu for the world!" he said in a post on X (formerly Twitter).

The meeting with Ford is part of the CM's 17-day US visit where he has been looking to garner fresh investments for the state.

The talks come at a time when Ford India is likely to take a definitive decision soon on its product strategy going ahead for its Chennai plant.

There have been reports of Ford looking at a third time India re-entry looking at both ICE (internal combustion engine) as well as EV production, in the CBU (Completely Built Up) form at the plant. CBU refers to cars that are imported from another country in their fully assembled condition.

The Chennai plant may also be used as an export base, as the American auto major called off a deal last December with the JSW group.

Recently Ford India filed for a design patent for its new Endeavour, which has been a best selling product in its earlier avatar like it's entry level SUV, the Ecosport. After investing close to 2 billion dollars, Ford exited the Indian market in September 2021 as it failed to keep up with the competition, and other global economic factors led to a massive fall in sales.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 5 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 5 hours ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 5 hours ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 5 hours ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 5 hours ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 5 hours ago