After getting the green light from Chennai Port Trust (ChPT), Ford India has inaugurated its first dedicated car parking yard within the Chennai port limits. Atulya Misra, Chairman, Chennai Port Trust and Joginder Singh, President and Managing Director, Ford India, jointly inaugurated the parking yard.
India can be safely called a major haven for automobile manufacturers, notwithstanding the various bureaucratic bottlenecks and the circuitous paths that investments end up following. The lure of a vast, untapped domestic market along with a teeming population of English-speaking techies is enough of a bait. No wonder we got to see the world premiere of a world car brand recently.
Lower manufacturing costs make India a viable location for production activities, and many global products are assembled here. A good example is that of Nissan, which makes use of the Ennore Port to export its cars. Hyundai also is present at the Chennai port, shipping off about 2.5 lakh cars per annum.
Ford’s dedicated facility at the Chennai Port is a stratagem to hasten up exports of Chennai made Ford vehicles, including the All new EcoSport. Ford has been alloted 7,000 square metres of land on an 11-month lease. At any time, it can hold within its fold nearly 500 cars.
On a comparative note, early bird Hyundai has the ability to gather nearly 5,000 vehicles at its parking yard, situated within the same port’s boundaries.