Is ford coming back to india: Listen to This Article By Alisha Sachdev

Listen to This Article By Alisha Sachdev Ford Motor Co plans to invest about ₹3,250 crore ($370 million) in India to make new engines, a person familiar with the matter said, signaling renewed confidence in the country and defying Donald Trump’s promotion of American manufacturing as it reopens a factory closed four years ago. Ford ’s decision comes as global brands, such as fast fashion giant Shein (through Reliance Retail) and retailer Carrefour (through a franchise partnership with Dubai’s Apparel Group) also make their way back into India . Renault navigated a similar trajectory: The French automaker re-entered India in 2010 -- after its unsuccessful joint venture for Logan with Mahindra & Mahindra in 2007 -- by setting up a facility with Nissan India in Chennai. ALSO READ: Preparing to utilise Chennai ... Ford Motor Company confirmed on Friday that it will soon be making its return to India , but there’s a catch to the story. Read about it here. Ford Motor, a US automaker, has announced its comeback in India . The company will restart its manufacturing plant in Chennai with the aim of boosting exports. Ford plans to hire an additional ...