Ford Motors, an American company, is one of the world’s largest automobile manufacturers with production spread over 26 countries of the world. Ford Motors came to India in 1995 and spent Rs. 1700 crore to set up a large plant near Chennai. This was done in collaboration with Mahindra and Mahindra, a major Indian manufacturer of jeeps and trucks. By the year 2004, Ford Motors was selling 27,000 cars in the Indian markets, while 24,000 cars were exported from India to South Africa, Mexico and Brazil. The company wants to develop Ford India as a component supplying base for its other
plants across the globe.
a) Do you think that Ford Motors is an MNC? Why?
b)What is foreign investment? How much did Ford Motors invest in India?
m c q
c)When did Ford Motors came to India?
i. 1990
ii. 1991
iii. 1993
iv. 1995
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A-Ford Motors has production facilities spread over 26 countries of the world. Hence, it can be termed an MNC.
B-Investment made by an MNC to buy assets like land, building and machinery equipment in a country other than the country of their origin is termed as foreign investment. Ford Motors invested Rs 1,700 crore in India.
C-1995
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