Ford Motor Co said on Friday it is considering producing electric vehicles (EVs) in India for export, and possibly for sale in the domestic market, just months after the U.S. automaker decided to stop selling and manufacturing cars in the country. Ford's comments mark a shift in strategy after it said in September it was taking a hit of about $2 billion because it does not see a path to profitability and was leaving the major auto market. The decision came as a setback for Prime Minister Narendra Modi's "Make in India" campaign. Ford has two car plants in the country. In a statement on Friday, the company said it was "exploring the possibility of using a plant in India as an export base for EV manufacturing." Ford is increasingly targeting customers in what it said was a "global electric vehicle revolution". The automaker has previously said it plans to invest $30 billion in EVs and batteries through 2030. Ford had less than 2% of the Indian passenger vehicle market when it stopped production in the country, having struggled for more than two decades to turn a profit. The restructuring was viewed positively by analysts.
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