Armed with a $500-million investment outlay, Ford Motors has set early 2010 as the target to launch a small car in India, start its new e
ngine-making unit and double the assembly line capacity, a top official said here.
The US-based giant will also unveil its refurbished Ikon by next month to expand its range of offerings in the country that includes Fusion, Endeavour and Fiesta, said Michael Boneham, managing director and president of Ford India.
"Ford now has a presence in only 30 percent of India's automobile market segments. We are entering other segments too. These are exciting times," Boneham said at the company's factory at Maramalai Nagar on the outskirts of the Tamil Nadu capital.