Automobile Industries sector projects by Magna International Inc in Sanand
Project Information
6895
Magna International Inc
Canada’s Magna International Inc. on Wednesday said it has started production at two facilities in Gujarat’s Sanand, which will supply auto parts to Ford Motor Co. in India. The facilities are located in a suppliers’ park next to Ford’s assembly plant in Gujarat’s Sanand.
Jim Tobin, chief marketing officer and president of Magna Asia said it was a multi-million dollar project with scope for expansion, without specifying the investment in the two units.
The company currently has 285 manufacturing locations globally, of which 11 are in India. “About 116 plants across the globe supply to Ford. We are looking at the next phase of growth to come from India,” Tobin said.
Magna is a global strategic components supplier of Ford. The US-headquartered automaker earlier this year started production from its factory in Sanand, which it has built for an estimated investment of $1 billion.
Project Value
INR 100 Crore /-
Planning
Sanand
Gujarat
India
Automobile Industries
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