Ford's India subdivision announced today that it sold 71,347 units from January 1 until July 31, which corresponds to a 45% increase compared to the same period of 2010 when it delivered 49,131 units.
The Detroit firm wants to further increase its presence in the country and has announced the signing of an MoU (Memorandum of Understanding) with the State of Gujarat to invest approximately $1 billion to build two new plants in addition to the one in Chennai, for vehicle and engine manufacturing on a 460-acre site in Sanand.
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Ford
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India
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Reports
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