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Ford India To Manufacture Dragon & Panther Engine For Global Markets
Ford India will manufacture two new engines, which will be utilized in global markets. The American manufacturer will use their Indian facility for producing 1.2-litre and 2.2-litre engines.
Currently Ford has two operational facilities in India, which are in Chennai and Gujarat. Their annual capacity consists of 4,40,000 vehicles and 6,10,000 engines from both manufacturing units.
Within the next two years Ford plans to invest roughly USD 800 million in their India operation. This will mainly be utilized to increase their production output by 2017. They have also confirmed that India is their new export hub.
The two engines that will be produced by Ford India are internally called ‘Dragon' and ‘Panther'. Dragon will be their 1.2-litre engine, while the Panther is their 2.2-litre engine by Ford.
Both Dragon and Panther engine will be used in an array of Ford products across the globe. These products will be produced in India, owing to lower costs, thus, maximising profits.
The 1.2-litre engine will be used in Ford's small vehicles like the Figo and Figo Aspire. Ford's 2.2-litre engine will be utilized in their bigger sized models like the Endeavour and several other global products.
Ford India his launched their Figo Aspire compact sedan and all-new Figo hatchback during 2015. The American based automobile manufacturer plans to introduce their new Endeavour SUV by the end of 2015.
New Endeavour SUV when launched in the Indian market will sport the Panther 2.2-litre engine. Ford is most likely to provide their premium SUV model with both manual and automatic transmission options.