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It was created in 2002 when the aerospace firm Northrop Grumman purchased TRW and bought its automotive division to Blackstone Group. In September 2009, Ford Motors announced its plans to arrange a plant in India with an annual capacity of 250,000 vehicles, for US$500 million. The vehicles Automotive news have been manufactured each for the Indian market and for export. The firm mentioned that the plant was part of its plan to make India the hub for its world production business.