Oct 30 (Reuters) - Ford is planning to invest

about $370 million in India to make new engines that will be

exported, the U.S.-based carmaker said on Friday.

Ford stopped making cars in India in 2021 and had last year

signaled interest in restarting manufacturing in the country.

The company said its Chennai manufacturing site in the

southern Indian state of Tamil Nadu would be retooled to make

high-end engines for export and would feature all-new

technology, with an annual capacity of over 235,000 units.

Production is expected to start in 2029 and will create

about 600 jobs, the company said.

Ford currently employs about 12,000 people at its Tamil Nadu

operations, it said.

The development was first reported by Bloomberg News on

Thursday, citing people familiar with the matter.

The new engines will not be exported to the U.S., Bloomberg

News reported.

The move comes even as President Donald Trump pushes

companies to manufacture more in the U.S.

($1 = 87.8950 Indian rupees)

(Reporting by Anshuman Tripathy and Komal Salecha in Bengaluru;

Editing by Anil D'Silva and Mrigank Dhaniwala)