Ford Motor Co. plans to invest about 32.5 billion rupees ($366 million) in India to make new engines, the Detroit-based automaker said Friday, signaling renewed confidence in the country and defying Donald Trump’s promotion of American manufacturing as it reopens a factory closed four years ago.

The Maraimalai Nagar manufacturing site in the southern Indian state of Tamil Nadu will be retooled to make high-tech engines for export markets with an annual capacity of 235,000 units, the statement said. Details on the engine type and where they’ll be exported to will be annnounced closer to the start of production, it added.

Bloomberg News first reported the plans on Thursday. Show Full Article

The US automaker, which signaled its interest in resuming local production in India a year ago, ha

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