No more India-specific cars from Ford

Ford, which has been enjoying a good stint in the Indian car market with its models, has taken a stand to abandon India-specific cars. The company will now focus more on the global market like Europe and South America, said Ford President and Managing Director Alan Mulally. The move was meant to feed the hunger of world customers who need cars of global standards rather than localized ones, he said. To start, Figo will be exported soon to 50 countries. To meet the demand for such moves, the company has allocated funds for expansion, particularly in its Chennai plant. The facility will be strengthened to yield 2 lakh units from the current 1 lakh unit. (September 16, 2010)