Ford India to stop exporting EcoSport to Europe

Ford will shift the production of the EcoSport compact SUV from its Chennai plant to Craiova, Romania by end of 2017, to cater to European markets. The Indian operations will focus on the domestic market as well as the rest of the world including North America.

The EcoSport witnessed a 30% growth in Europe and this decision to move the production to Romania will require a further investment of 200 million Euros (Rs. 1,486.7 crore).

According to a report by Economic Times, this move will result in freeing up plant capacity to export cars to rest of the world, especially North America, where the company plans to ship 80,000 - 90,000 units annually.