World's fourth largest automaker, Ford Motor Company, was founded by Henry Ford and incorporated on June 16, 1903. Ruling the automobile sector for over a decade, the company had a modest start with a capital of just $28,000 from 12 investors. In the early years, the company produced just a few cars a day at its factory on Mack Avenue in Detroit, Michigan. Today, Ford has major manufacturing operations in Canada, Mexico, the United Kingdom, Germany, Turkey, Brazil, Argentina, Australia, the People's Republic of China, India, and so on. The four wheelers manufactured are widely renowned for their unique styling, excellent performance and providing utmost luxury.
Ford has been in India since 1907 when it launched Model 'A' here. In 1926, Ford India was established in 1926, but the operations were discontinued in 1954. Again in 1995, Ford Motor Company received government approval to establish Mahindra Ford India, Limited (MIFL).
It was a 50:50 joint venture with Mahindra and Mahindra Limited (M& M). In November 1998 Ford received approval to increase its take in the joint venture to 92.18%. The Company was re-christened as Ford India Limited. It has set up a modern, integrated manufacturing facility in Maraimalai Nagar near Chennai.
Three years thence, in 1998, Ford acquired 72% of the share in MFIL, thereby renaming the company as Ford India. The company made a debut in India with Escort, its first passenger car. With the advancement of technology and to adept with the rising demand, Ford replaced its Escort with Ford Ikon in 2001. This indigenous car was an instant hit and allured the Indians. After the magnanimous success of Ikon, the company added some more luxurious cars to its product line, including Fiesta, Fusion, Mondeo, Endeavour and Endeavour Thunder+.