<p>Chief Minister M Karunanidhi inaugurated the production of Figo, the company's first compact car through which it aims to capture a big slice of the booming small car market.<br /><br />Ford had signed an MoU with the Tamil Nadu government in September last year, under which it would invest an additional Rs 1,500 crore to expand the facility.<br /><br />The investments include ramping up operations to make new engines for production of Figo.<br /><br />After the expansion, the company would add 1,000 employees to the existing 2,100 at the facility.<br />Ford India currently manufactures mid-size sedan 'Fiesta', 'Ikon' and SUV 'Endeavour' range of vehicles at the facility.</p>
<p>Chief Minister M Karunanidhi inaugurated the production of Figo, the company's first compact car through which it aims to capture a big slice of the booming small car market.<br /><br />Ford had signed an MoU with the Tamil Nadu government in September last year, under which it would invest an additional Rs 1,500 crore to expand the facility.<br /><br />The investments include ramping up operations to make new engines for production of Figo.<br /><br />After the expansion, the company would add 1,000 employees to the existing 2,100 at the facility.<br />Ford India currently manufactures mid-size sedan 'Fiesta', 'Ikon' and SUV 'Endeavour' range of vehicles at the facility.</p>