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Q.

Ford Motor Company came to India in ____.


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Detailed Solution

Ford Motor Company 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. They set up a manufacturing unit near Chennai, which was done in collaboration with Mahindra and Mahindra. MNCs like Ford Motors take advantage of the sizable markets that nations like India provide as well as the reduced production costs by locating their production facilities there.
 
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