Ford to invest Rs 1,300 cr in new Chennai global tech centre

Ford to invest Rs 1,300 cr in new Chennai global tech centre

US auto major Ford on Tuesday announced the setting up of its new research and development centre at a cost of Rs 1,300 crore.

Ford's Executive Chairman Bill Ford made an official announcement regarding the investment plan in Chennai.

The automaker will invest $195 million (around Rs 1300 crore) and hire 3,000 skilled people for the new centre over the next 5 years.

It will serve as a hub for product development, mobility solutions and business services in India and other markets across the world.

Ford will also consolidate 9000 employees from its six existing facilities, spread over a campus area of 28 acres, in Chennai.