Read the following extract and answer the following questions:

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 Rs. 1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By 2017, Ford Motors was selling 88,000 cars in the Indian markets, while another 1,81,000 vehicle sales were exported from India to South Africa, Mexico, Brazil, and the United States of America.

The company wants to develop Ford India as a component supplying base for its global plant of Rs ____ crore in India.

Question

Read the following extract and answer the following questions:

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 Rs. 1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By 2017, Ford Motors was selling 88,000 cars in the Indian markets, while another 1,81,000 vehicle sales were exported from India to South Africa, Mexico, Brazil, and the United States of America.

The company wants to develop Ford India as a component supplying base for its global plant of Rs ____ crore in India.

Infinity Learn · Accepted Answer

The company wants to develop Ford India as a component supplying base for its global plant of Rs 1700 crore in India.
Ford invested Rs. 1700 crore in India. Ford is an American multinational company that produces automobiles. It entered India in 1995. They set up a large plant near Chennai by investing Rs.1700 crore in India, one of the largest automobile manufacturers in the world, with its production operations, spread over 26 nations. The investment in India was made in collaboration with Mahindra and Mahindra, a major company that produces trucks and jeeps in India. They aim to develop Ford India as a component supplying base for its plants across the globe. Currently, Ford India has closed down its major operations in India.

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