Ford Will Have Nine EVs In Europe By 2024
- Mar 17, 2022
- Views : 3063
It's been a few months since Ford India pulled the plug on local production in India. But now, it looks like the carmaker is on course for a re-run, of sorts, in the country, with the central government recently approving Ford's proposal under the Production-Linked Incentive (PLI) scheme for the automobile sector.
A spokesperson for Ford India said in a statement, "We thank the Government of India for approving Ford's proposal under the Production-Linked Incentive (PLI) scheme for the automobile sector. As Ford leads customers through the global electric-vehicle revolution, we're exploring the possibility of using a plant in India as an export base for EV manufacturing. We don't have anything additional to announce at this time and will have more to say about any potential project in the future."
While Ford India is tight-lipped about future projects, the carmaker had earlier confirmed that it would only focus on selling imported marquee models in the country. For reference, the Mustang Mach-E electric SUV will kick off Ford's electric journey in India later this year.
Since the Mustang Mach-E SUV will be a direct import (CBU), it should cost twice as much as its price in the US. It could be anywhere between Rs 60 lakh and Rs 90 lakh, depending on the variant we get here.
Ford Will Have Nine EVs In Europe By 2024
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