Ford confirms it wants to manufacture again in India for global export

Ford Motor (NYSE:F) confirmed on Friday reports from earlier in the week that the automaker is interested in restarting manufacturing in India.

The Detroit-based company said it submitted a letter of intent to the Government of Tamil Nadu, confirming its intention to utilize the Chennai plant for manufacturing for export. The announcement follows a meeting between Ford (F) leadership and the Honorable Chief Minister of the Government of Tamil Nadu as part of his visit to the United States.

Ford (F) said the strategic move will see the Indian facility repurposed to focus on manufacturing for export to global markets, as part of the company’s ambitious Ford+ growth plan.

“This step aims to underscore our ongoing commitment to India as we intend to leverage the manufacturing expertise available in Tamil Nadu to serve new global markets,” stated Ford International executive Kay Hart.

The announcement was also said to reaffirm Ford’s (F) commitment to India as a critical market for the company’s global operations. Ford (F) currently employs 12,000 individuals in Global Business Operations in Tamil Nadu, a number expected to grow by 2,500 to 3,000 jobs within the next three years. Combined with the engine manufacturing operations in Sanand, India represents Ford’s second-largest salaried workforce worldwide. Ford (F) also highlighted that it continues to serve its one million customers in India with comprehensive customer support, including service, aftermarket parts, and warranty support.