By investing some Rs1500 crore, Ford India is all set to expand its production of engine thereby increasing the car numbers to two lakh from the current one lakh units. To meet this task, the company has entered into an agreement with the Government of Tamilnadu represented by the Industries Secretary (for Ford its MD Michael Boneham) under which employment would be provided to nearly 1000 persons.
The estimated production of engine will be 2.5 lakh per year. The agreement was inked in the presence of the Chief Minister of Tamilnadu Mr.M.Karunanidhi and the US Ambassador Tim Roemer along with other officials.