6.2.10

First Figo rolls out of Chennai

Ford India drove out its first small car, Figo, from its Chennai plant on Friday. The new compact car underscores the importance Ford has placed in the burgeoning Indian automotive market as well as throughout the region. It will be a car from India to the rest of the world. The first car was flagged off by Tamil Nadu CM M Karunanidhi. The company on Friday also inaugurated a bigger engine manufacturing unit put up at an investment of $500 million. Boneham said Ford would ramp up production capacity of diesel engines at the new engine plant from 60,000 units per annum to 2.53 lakh per annum. Export of the diesel engines would begin in 2011.

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