MUMBAI – Ford aims to boost worldwide sales by 50% by 2015 and one of the keys to its strategy is India, both as a production hub and a growing market. The U.S. auto maker is moving to double its total investment in India by Rs50 billion ($1.1 billion) and is introducing eight new models over the next four years here. Michael Boneham, president and managing director, says the investment underscores the importance of Ford India’s Chennai plant and the auto maker’s ongoing expansion. This ...
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