Oct 30 (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.

In 2021, Ford

stopped making cars in India

, a market dominated by Asian rivals, as the business was

not profitable.

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)