Ford Motor to Return to India? What its inclusion in Centre's PLI Scheme means

Ford Motor is one of the 20 carmakers who have been selected under the ‘Champion OEM Incentive Scheme’ of the Centre's PLI scheme.

Ford's Mustang Mach-E SUV is one of the few electric cars that the US-based carmaker offers across global markets.

Months after Ford Motor decided to shut its India shop, the US-based carmaker has been included in the Centre's PLI scheme on Friday. Ford India, which announced its India exit back in September, has been picked among 20 carmakers under the ‘Champion OEM Incentive Scheme’ - a part of the PLI scheme which has been approved with a budgetary outlay of ₹25,938 crore.