Ford Wastes No Time Breaking Ground for Vehicle Exports from Chennai
Aug. 1 – Ford India has become the second auto-manufacturer after Hyundai to have their dedicated car parking yard at Chennai Port. With Ford making India its global manufacturing and export hub, this dedicated facility at the Chennai Port marks a significant step to provide access and further accelerate exports of Chennai-made Ford autos, including the all-new EcoSport, to 38 countries worldwide.
This will be Ford’s first car parking yard at the Chennai Port premises after its announcement of exporting the ongoing EcoSport to Nepal and South Africa.
Atulya Misra, Chairman of Chennai Port Trust and Joginder Singh, President and Managing Director at Ford India, jointly inaugurated the company’s first dedicated car parking yard at the Chennai Port premises.
The 7,000-square-metre space, allotted for a period of 11 months, is near gate no.7 and will allow Ford to park 500 cars at a time prior to overseas shipment.
“Chennai is similar in many ways to Shenzhen in China. It overlooks Southeast Asia and is well on track in becoming one of Asia’s primary ports,” comments Chris Devonshire-Ellis, Managing Partner of Dezan Shira & Associates India.
Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.
You can stay up to date with the latest business and investment trends across India by subscribing to Asia Briefing’s complimentary update service featuring news, commentary, guides, and multimedia resources.