Business Economy


Ford to invest Rs 3,250 cr in Chennai Plant for next-gen engine production

Chennai, Oct 31 (UNI) Providing a major boost to Tamil Nadu’s automotive sector, American auto major Ford Motor Company will invest Rs3,250 crore in its Chennai facility to manufacture next-generation engines beginning in 2029. The announcement follows the signing of a Memorandum of Understanding (MoU) between the company and the Government of Tamil Nadu in the presence of Chief Minister MK Stalin at the State Secretariat today.
According to Industries Minister TRB Rajaa, the investment will create over 600 new direct jobs as Ford restarts operations at its Chennai plant with the production of advanced technology engines designed for the future of mobility.
“This is not just the start of manufacturing at the existing Ford facility; it is the State taking yet another step towards the future of the automotive industry with the production of next-generation engines. We remain committed to supporting Ford’s operations here,” Rajaa said.
Ford had earlier signed a Letter of Intent (LoI) with the Tamil Nadu government in September 2024 to explore the restart of its manufacturing operations at the plant near Chennai.
“We are pleased to advance our plans and confirm the Chennai plant’s vital role in Ford’s manufacturing network,” said Jeff Marentic, President, International Markets Group, Ford Motor Company.
The upcoming engine lineup will feature all-new technology, with specific details on engine types and export markets to be revealed closer to the start of production.
“This is not just the start of manufacturing at the existing Ford facility, it is the State taking yet another step towards the future of the automotive industry with the production of next-gen engines. We remain committed to supporting Ford's operations here,” Rajaa said.
Following site preparation and the commencement of investment activities later this year, the Chennai plant will have a planned capacity of 235,000 engines per annum, with production expected to begin in 2029.
With an initial expected investment of Rs.3,250 crore, the project is expected to create more than 600 jobs, plus indirect jobs across the industry.

UNI VJ MI AAB
More News

Stock markets end lower amid depreciation in rupee

16 Dec 2025 | 6:55 PM

New Delhi, Dec 16 (UNI) The Indian Stock markets ended lower for the second consecutive day on Tuesday amidst depreciation in rupee as well as the uncertainty over India-US trade deal, with the BSE Sensex plunging by 533.50 points or 0.63 percent to 84,679.86, and the NSE Nifty slipping by 167.20 points or 0.64 pc to 25,860.10.

see more..

India's industrial & warehousing remain resilient in 2025

16 Dec 2025 | 4:25 PM

Kolkata, Dec 16 (UNI) India's industrial and warehousing market remained resilient, with cumulative demand across the top eight markets reaching 26.5 million sq ft in the first 9 months of the year, reflecting an 11 percent YoY increase, a research study by Colliers Insight on how Industrial warehousing and investment performed in 2025 and the outlook for 2026 said on Tuesday.

see more..

India one of the world’s most optimistic markets, outpacing some advanced economies: BCG

16 Dec 2025 | 2:12 PM

New Delhi, Dec 16 (UNI) India has become one of the world’s most optimistic consumer markets, said a report of Boston Consulting Group (BCG) on Tuesday.

see more..

Overall unemployment rate declines to 4 7 percent in November: MoSPI

16 Dec 2025 | 3:12 AM

New Delhi, Dec 15 (UNI) The overall unemployment rate for persons aged 15 years and above declined to 4.7 percent in November 2025 from 5.2 pc in October 2025, said data released by the Ministry of Statistics and Programme Implementation (MoSPI) citing the latest findings of the Periodic Labour Force Survey (PLFS) conducted by the National Statistical Office.

see more..

India's engineering goods exports bounces back to its course registering 23 7 pc

16 Dec 2025 | 3:08 AM

Kolkata, Dec 15 (UNI) After falling sharply in October, engineering goods exports rebounded in November this year with the total value of engineering goods shipments estimated at USD11.01 billion in November 2025, an impressive 23.7 percent year-on-year increase from USD8.9 billion in the same month last year, according to EEPC India chairman Pankaj Chadha.

see more..