Chennai: Ford Motor Company is looking at rolling out a small car for the fast-growing Indian passengar car market. The company has earmarked $500 million (about Rs 2,000 crore) for the purpose. Ford announced a $500 million investment in Thailand in 2007 to build small cars - just weeks after launching a small car production line at a new $500 million facility in Nanjing, China. The $500 million investment in India is aimed at achieving significant volumes in both vehicles and engines in the next two years, and will make India a production hub for small cars in the Asia-Pacific region, the source said.
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