Ford Could Return as an EV Maker in India

Barely six months on from Ford shutting down India manufacturing, we now have news that the American giant could potentially restart making cars here, having been granted approval under the Indian government’s PLI scheme.  The PLI (Production-Linked Incentive) is a scheme for the automobile and drone industry. It has a budgetary outlay of Rs 26,058 crore to incentivize electric vehicle (EV) and hydrogen fuel cell EV (FCEV) manufacturing in India.Beyond the news that Ford could resume producing cars here, and that they would be for export, there are other exciting propositions that are yet to unravel. For now, Ford is understandably tight-lipped and has no further details to add.Thus, we could see a mix of locally made Ford electric cars and imported higher-end Fords in the near future. With this development, it’s quite clear Ford has not given up on India and is keen on keeping its options open in the Indian market.