American carmaker Ford Motor Company, which halted its operations in India in September last year, received on Friday approval from the Government of India for its proposal under the Production-Linked Incentive (PLI) scheme for the automobile sector.
Following this, the carmaker said it is considering producing electric vehicles (EVs) in India for exports, without denying completely the possibility of catering to the local market also. The recent development comes six months after the automaker announced its exit from the country.
Ford India’s previously-announced business restructuring is continuing and remains in line with the Ford+ plan for growth and value creation by strengthening automotive operations and capitalizing on unprecedented opportunities in electric and connected vehicles, the company said in a statement.
The US automaker’s Indian subsidiary has two plants in India – in Sanand, Gujarat, and in Chennai – equipped to produce Internal Combustion Engine (ICE) vehicles. Ford had announced its plans to curtail manufacturing operations in India, with the option to retain the engine plant in Sanand to service its products in the country for the next five years.