Ford Motor says eyeing India as export base for electric vehicles

Ford last year pulled the plug on the domestic market but has still retained its two factories in the country

Topics
ford motor india | Ford exports | Ford electric vehicles

Reuters  |  New Delhi 

Ford
File Photo

NEW DELHI (Reuters) - said on Friday it is exploring the possibility of using one of its plants in India to produce electric cars for exports, months after the U.S. automaker said it would stop selling cars in the Indian market.

Ford last year pulled the plug on the domestic market but has still retained its two factories in the country.

The automaker had applied for incentives under India's $3.5 billion scheme for clean fuel vehicles. Its proposal has been approved by the government, the company said in a statement.

 

(Reporting by Aditi Shah)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read our full coverage on ford motor india
First Published: Fri, February 11 2022. 17:49 IST
RECOMMENDED FOR YOU