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Ford Motor Company came to India in ____.


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Detailed Solution

1)      Ford entered India in 1995 and has since invested billions of US dollars in setting up manufacturing facilities and a network of sales and service centres for new and existing customers across the country.
2)      Ford Motors, an American company, is one of the world’s largest automobile manufacturers, with production spread over 26 countries worldwide. Ford Motors came to India in 1995 and spent 1,700 crores to set up a large plant near Chennai.
3)      By setting up their production plants in India, MNCs such as ford motors tap the advantage not only of the large markets that countries such as India provide but also the lower production costs.
 
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