Ford is betting real money on India. Not wanting to be as late to the party as Ford has been in China, Ford “plans to invest $1 billion to build a factory in western India to gain a greater share of one of the fastest-growing car markets,” reports Reuters from Bangalore.
Ford wants to build on its success of its India-built Figo model. The factory in Gujarat is expected to be running by 2014, at an annual capacity of 240,000 units. An official announcement is expected today.