(Reuters) -Ford is planning to invest about 32.50 billion Indian rupees ($369.76 million) in India to make new engines, Bloomberg News reported on Thursday, citing a person familiar with the matter.
The report said the Maraimalai Nagar manufacturing site in the southern Indian state of Tamil Nadu would be retooled to make high-end engines for export markets with an annual capacity of over 200,000 units.
The new engines will not be exported to the U.S., Bloomberg reported, adding that an announcement is expected as early as this week.
The move comes even as President Donald Trump pushes companies to manufacture more in the United States by imposing tariffs on imports.
Last year, the automaker signaled interest in plans to restart manufacturing at its factory in Tamil Nadu, after it stopped making cars in India in 2021.
Ford did not immediately respond to a Reuters request for comment.
($1 = 87.8950 Indian rupees)
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Anil D’Silva)
