New Delhi: After exiting three years ago, Ford Motor plans to restart a manufacturing plant for exports in Tamil Nadu, India, the company said on Friday.
Ford said it has submitted a letter of intent to the state’s government, two days after Tamil Nadu’s chief minister said that the two were in talks to restart manufacturing in the state for exports, according to Reuters.
Ford stopped producing cars in India for domestic sale in 2021 after struggling to boost volumes and pulled the plug on exports in 2022, effectively exiting the world’s third-largest car market, which is dominated by Asian rivals.
“The move will see the facility re-purposed to focus on manufacturing for export to global markets,” Ford said in a statement.