Professional Documents
Culture Documents
Company Profile of Ford
Company Profile of Ford
TYPE subsidiary
Industry automotive
Products automobiles
No of employees 10,000
Website India.ford.com.
Ford has been making in India, for India and the world, with its integrated
manufacturing facilities in Chennai, Tamil Nadu and Sanand, Gujarat. The company,
since its entry in India in 1995, has invested more than US$ 2 billion and is
committed to building a sustainable, profitable business in one of the world's fastest-
growing auto markets.
Ford remains committed to India as a centre of excellence for small cars and
low displacement engines for both the domestic market and exports. Following an
accelerated export plan, Ford exports Figo, Aspire, and EcoSport to over 70 markets
around the world. With Sanand being operational, Ford India has also doubled its
annual installed manufacturing capacity to 610,000 engines and 440,000 vehicles.
Ford’s presence in India includes Ford Credit India, which started wholesale
dealer inventory and retail financing in 2015 as a non-banking financial company.
Ford Credit is known for its reliable and transparent loan products at competitive
rates, flexible terms, and outstanding customer service. With five decades of global
experience, Ford Credit’s operations span in as many as 100 countries where it has
emerged as a preferred automotive financier for both Ford customers as well as
dealers.
With the company’s global focus on Smart Mobility, Ford envisions to be the
most trusted mobility brand in India too and has invested in Zoomcar as its first foray
into the mobility services space. The partnership supports the company’s vision to
develop services that will make it easier for people to move to cities using multiple
modes of transportation.
Ford with its Smart Mobility LLC setup has been working with the cities of
Indore, Hyderabad and Mumbai to find innovative mobility solutions. While in
Mumbai and Hyderabad, Ford is helping design an integrated mobility solution for
multimodal transport and in Indore Ford is working to support the city authorities in
encouraging the use of the public transit system and improving general road safety.
Ford launched the Ford Fiesta in its sedan guise which was widely received in
the market and was a sales success. Ford also launched the Ford Figo, based on the
sixth generation Ford Fiesta hatchback in the Indian market.
Ford was one of the first companies to exploit government's sub 4 metre
policy to develop an SUV for Indian market named Ford EcoSport which is again a
successful model for Ford in Indian market. Ford also exports the EcoSport from
India to EU and US markets. Ford then launched the second generation Ford Figo,
first in its sedan guise as the Ford Figo Aspire, which now remains Ford's only sedan
in the Indian market after discontinuation of the sixth generation Ford Fiesta. The
Figo hatchback was launched at a later date. To fill the gap between the Ford Figo and
Ford EcoSport, the company launched the Ford Freestyle, in 2018 which is essentially
a crossover version of the face-lifted Ford Figo hatchback. It is a quite successful
model, it came with class leading safety features and eventually won Gaadify car of
the year award 2018.
To compete with SUV rivals like Toyota Fortuner Ford sells Ford Everest with
the name of Ford Endeavour in India.
Corporate governance
The management team of Ford India comprises - President, Anurag Mehrotra.
Vinay Raina - Executive Director of Marketing, Sales & Service, Rahul Gautam -
Vice President, Marketing, N. Prabhu - Vice President, Service, Lakshmi Ram Kumar
S - Vice President, Sales, George Elisseou - HR Director, David Schock - Chief
Financial Officer
Manufacturing facilities
FIPL's main manufacturing plant located in Maraimalai Nagar, 45 km from
Chennai has a capacity to produce 150,000 cars on a two-shift basis and 200,000 with
three shifts. In 2010-11, the company's yearly production crossed the 100,000 mark.
As its new hatchback Figo was launched in March 2010, Ford Motor
Company has invested $500 million to double capacity of the plant to 200,000
vehicles annually and setting up a facility to make 250,000 engines annually. The
engine plant opened for operations in January 2010.
To meet the growing domestic demand and with an eye on engine exports, the
company has invested $72 million to raise engine production capacity to 330,000
units.
The company rolled out the urban SUV Ford EcoSport in June 2013. It had
announced a $142-million investment in the EcoSport. With the Ford EcoSport, the
Chennai plant will ramp up to full capacity (200,000 units). In 2010, production hit
127,000 units.
As part of its plan to launch 8 new vehicles by 2015, the car maker is pumping
in an investment of $1 billion for a new state-of-the-art manufacturing plant at
Sanand, Gujarat. The plant is coming up on a 460-acre site. It will have an initial
installed capacity to manufacture 270,000 engines and 240,000 vehicles a year.
Coming up alongside the plant is the supplier park, spread across 150 acres. The
company has attracted 19 world-class supplier manufacturers as of March 2012. The
plant commenced production in 2014.
Once the Sanand plant is fully operational, Ford India will have a cumulative
capacity to make 440,000 cars and 610,000 engines annually.
Industry profile:
The automotive industry comprises a wide range of companies and
organizations involved in the design, development, manufacturing, marketing, and
selling of motor vehicles. It is one of the world's largest economic sectors by revenue.
The automotive industry in India is one of the largest in the world. In 1897, the
first car ran on an Indian road. Through the 1930s, cars were imports only, and in
small numbers.
HISTORY:
An embryonic automotive industry emerged in India in the 1940s. Hindustan
Motors was launched in 1942, long-time competitor Premier in 1944, building
Chrysler, Dodge, and Fiat products respectively.[3] Mahindra & Mahindra was
established by two brothers in 1945, and began assembly of Jeep CJ-3A utility
vehicles. Following independence in 1947, the Government of India and the private
sector launched efforts to create an automotive-component manufacturing industry to
supply to the automobile industry. In 1953, an import substitution programme was
launched, and the import of fully built-up cars began to be restricted. In 1952, the
government appointed the first Tariff Commission, one of whose purposes was to
come out with a feasibility plan for the indigenization of the Indian automobile
industry. In 1953, the commission submitted their report, which recommended
categorizing existing Indian car companies according to their manufacturing
infrastructure, with licensed capacity to manufacture a certain number of vehicles,
with capacity increases allowable, as per demands, in the future. The Tariff
Commission recommendations were implemented with new policies that would
eventually exclude companies that only imported parts for assembly, as well as those
with no Indian partner. In 1954, following the Tariff Commission implementation,
General Motors, Ford, and Rootes Group, which had assembly-only plants in
Mumbai, decided to move out of India.
Safety is a state that implies to be protected from any risk, danger, damage or
cause of injury. In the automotive industry, safety means that users, operators or
manufacturers do not face any risk or danger coming from the motor vehicle or its
spare parts. Safety for the automobiles themselves, implies that there is no risk of
damage.
In case of safety issues, danger, product defect or faulty procedure during the
manufacturing of the motor vehicle, the maker can request to return either a batch or
the entire production run. This procedure is called product recall. Product recalls
happen in every industry and can be production-related or stem from the raw material.
Product and operation tests and inspections at different stages of the value
chain are made to avoid these product recalls by ensuring end-user security and safety
and compliance with the automotive industry requirements. However, the automotive
industry is still particularly concerned about product recalls, which cause considerable
financial consequences.
Around the world, there were about 806 million cars and light trucks on the
road in 2007, consuming over 980 billion litres (980,000,000 m3) of gasoline and
diesel fuel yearly. The automobile is a primary mode of transportation for many
developed economies. The Detroit branch of Boston Consulting Group predicted that,
by 2014, one-third of world demand would be in the four BRIC markets (Brazil,
Russia, India and China). Meanwhile, in the developed countries, the automotive
industry has slowed down. It is also expected that this trend will continue, especially
as the younger generations of people (in highly urbanized countries) no longer want to
own a car anymore, and prefer other modes of transport .Other potentially powerful
automotive markets are Iran and Indonesia. Emerging auto markets already buy more
cars than established markets. According to a J.D. Power study, emerging markets
accounted for 51 percent of the global light-vehicle sales in 2010. The study,
performed in 2010 expected this trend to accelerate. However, more recent reports
(2012) confirmed the opposite; namely that the automotive industry was slowing
down even in BRIC countries. In the United States, vehicle sales peaked in 2000, at
17.8 million units.