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Ford to source small car engines from Chennai plant
By siliconindia
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Wednesday, 20 February 2008, 20:30 IST
New Delhi: Apart from serving the domestic market, Ford India's Chennai engine facility would cater to the company's global small car range in Europe and North America, reported Business Standard.
"We have yet to finalize our export markets. But it would be closer to home like North America or Europe," said Scott McCormack, Vice-President, Sales and Marketing, Ford India. He was speaking at the sidelines of the launch of a new four-wheel drive Ford Endeavor Thunder + priced at Rs 17.32 lakh ($43300).
Recently, Ford announced an investment of $500 million to double its capacity to 2 lakh units and to establish an engine manufacturing facility at Chennai that would produce 2.5 lakh units. This would include both petrol and diesel engines for the domestic and the export markets.
However, Ford India said that though the company is starting its own engine production unit, it would not stop sourcing from Avtec, a CK Birla Group company. But it refused to divulge the production ratio for the domestic market and exports.
The company's new Endeavour is equipped with a 3-litre engine as compared to the earlier version that had a 2.5-litre TDCi engine and priced in the range of Rs 14.99 to 15.9 lakh.