Chennai: The US-based automobile giant Ford will invest Rs 1,300 crore in opening a business and development centre in Chennai. This will be their second largest facility globally for research, design mobility solutions and product development.
Speaking to the media on Tuesday, Ford's Executive Chairman Bill Ford said that Ford Motor will be investing invest $195 million (around Rs 1,300 crore) and hire around 3,000 skilled workers for the new centre over the next five years.
“The phase-I of the 28-acre facility, off the Old Mahabalipuram Road, will be ready by March 2019. The software and global development centre will hire engineers on a large scale. There will also be laboratories for testing and design of four-wheelers and their components,” said Bill Ford, adding that this will enable the automaker to conduct extensive testing of future vehicles in India.
“Chennai is set to become Ford's home away from home,” he continued.
