Ford is considering making a U-turn on its decision to pull manufacturing out of India and looking at EV production for exports following a successful application for support through India’s Champion OEM Incentive Scheme
Ford could soon be making EVs in India in a turnaround for its production plans in the country. Ford is one of 20 companies to be approved (out of 115 applications) for funding through the Champion OEM Incentive Scheme, which is one part of the wider Production Linked Investment (PLI) funding mechanism. Fourteen of those are vehicle makers. Amongst the other OEMs approved for the funding scheme are Tata Motors, Mahindra and Mahindra, and Hyundai-Kia.
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