India to crack 7 million vehicles a year by 2020, says Ford

​Ford’s David Dubensky has said he expected Indian automotive production to reach 7 million vehicles annually by 2020.

Ford’s
David Dubensky has said he expected Indian automotive production to reach 7
million vehicles annually by 2020, which would place the country third
globally, after China and the US.

Business Today reports that Dubensky, Executive Director of Ford Global Business Services,
said, “The automotive sector has a direct bearing on the economy with a
near 7 per cent contribution to the GDP, playing an important role in the development
of other crucial sectors as well.”

Addressing
the Speaking to graduates at Kumaraguru College of Technology, said India had
created employment opportunities as it grew as an automotive power.

Ford
officially opened a new integrated manufacturing facility last week at Sanand, Gujarat, which will double the company’s capacity in India.

The Sanand factory, will initially make Ford Figo Aspire vehicles, and has an initial
installed capacity of 240,000 cars and 270,000 engines annually.

Image: Reuters