New Delhi: After announcing out of the Indian market around 2021, American Auto Major Ford seems to have repeated thoughts, and is now planning its global electrical strategy from India.
The company is one of 20 car makers, which also includes Maruti Parent Suzuki Suzuki’s subsidiary, which has been chosen for the benefits under the incentive scheme (pli) RS 25,938 Crore (PLI) to produce and sell electricity.
Ford plans to use one of its Indian factories – most likely Sanand factories in Gujarat – to make electric vehicles with plans to export 100% of production.
The company, which when the exit has promised the presence of tokens in India by selling Marque brands such as Mustang, will also assess whether electric vehicles intended for export can be driven to the Indian market.
“We thank the Indian government for approving Ford’s proposal with the PLI scheme.
When Ford led customers through the global electric vehicle revolution, we were exploring the possibility of using a factory in India as an export base for EV creation,” said the company.
An official with the Ministry of Industry was heavy to the Toi that Ford had stated trust in the Indian electrical focus, and the incentive scheme produced.
“They have an export-LED strategy, and our scheme does not have a bar even if 100% sales are abroad.
We want a manufacturing trace to grow in India when it comes to green vehicles and that’s the reason the company is chosen.
For that scheme,” said the official that.
At the close of the application on January 9 this year, a total of 115 companies have submitted government allowances based on schemes for advanced automotive technology products (AAT) – vehicles and components.
The winner will now be given two years to work on strategies and products, and incentives will begin launched from April 2024 and will be spread over a period of five years.
Those who have made cuts are local makers of Ashok Leyland, Eicher Motors, Mahindra & Mahindra, and Tata Motors, regardless of Indian subsidiary Ford, Hyundai, Kia and Peugeot Citroen Automobiles, and Suzuki.
Pinnacle mobility solutions, joint ventures between local Pinnacle groups and VDL Groep, the Netherlands (which specialize in buses and coaches) have also been selected in the ‘Champion OEM’ category for larger vehicles.