India set to become a hub for Ford, says its CEO - Times of India

India is a great market and an indicator of about what people really want in vehicles around the world. The Ecosport is a really good example", said Ford Motor Company president and CEO, Alan Mulally. The author has posted comments on this articlePTI | Jun 17, 2013, 07.02PM IST CHENNAI: With India leading the small SUV market and attracting majority of investments from Ford Motor Company, the country is set to become a hub for the US automobile major, a top official said on Monday. "Yes. Absolutely. That is our dream. India is a great market and an indicator of about what people really want in vehicles around the world. The (latest SUV from Ford) Ecosport is a really good example", Ford Motor Company president and chief executive officer, Alan Mulally told reporters in Chennai. Observing that India is one of the important markets for Ford globally, he said, "Small SUV segment on the B size platform is the fastest growi ng segments which is led by India. We are making Ecosport in five locations around the world. And it is going to be most popular vehicle worldwide. So it (The launch) is very important launch for us". He said Ford is making long-term commitments on strategies in rolling out products and currently is on a "positive path" on its growth. "We are number one brand in United States and number two in all Americas. In Europe we are the fastest growing brand. We have made tremendous commitment interms of man and money investments", he said. Asked about the company's focus on its Asia-Pacific operations, Mulally said the management has not made any specific time frame on reaping profits, but expects a significant revenue to be contributed from this region. "Clearly, in the next few years, it (Asia Pacific region) is going to be a major contributor to Ford. I think in four-five years,40 per cent of revenue will come from Asia Pacific. This is the largest growing region in the world," he said. Currently, Ford has garnered about three per cent market share in the Asia Pacific region. via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFGKVgvbO31ZDTJ3n2ubgNR_eDB7Q&url=http://timesofindia.indiatimes.com/business/india-business/India-set-to-become-a-hub-for-Ford-says-its-CEO/articleshow/20633099.cms

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