American automaker Ford Friday said it will invest Rs 3,250 crore at its Chennai plant to produce new generation engines.

The automaker, which exited the Indian market in 2021, said it has signed a memorandum of understanding with the government of Tamil Nadu outlining its “strategic direction that leverages India’s manufacturing expertise as part of the Ford+ plan”.

Following site preparation and investment in the project that will begin later this year, the Chennai plant will have planned capacity of 2.35 lakh engines annually, with production expected in 2029, Ford said in a statement.

“With an initial expected investment of Rs 3,250 crore, the project is expected to create more than 600 jobs, plus indirect jobs across the industry,” it added.

“We are pleased to advance our plans an

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