Ford to invest $195 mln in new technology center in India – Feedback

Ford Motor Co is investing Rs 13 billion ($195 million) over the next five years in a technology and business centre in Chennai to develop new products, design mobility solutions and provide business services.

Dearborn, Michigan-based Ford, which has already invested over $2 billion in India till date, will hire 3,000 people and bring in 9,000 from other centres in the southern Indian city to staff the facility which will be operational by early 2019, the company said in a statement on Tuesday. Ford is focusing on emerging markets like India where small, inexpensive yet powerful cars are popular and which is dominated by brands from Maruti Suzuki India Ltd and Hyundai Motor Co.

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