India, Jan. 18 -- Ford Motor Co. (F) plans to launch an all-electric plugin version of its popular F-150 pickup truck.

The announcement was made by Jim Farley, Ford's president of Global Markets, during a presentation at the Deutsche Bank Global Automotive Conference in Detroit.

"And here's what's going to happen next to future proof that global juggernaut of commercial vehicles. We're going to be electrifying the F-Series, both battery electric and hybrid, and we're doing the same for Transit," Farley said.

Ford's announcement comes as the auto industry transitions away from fossil fuel-powered transportation to electric vehicles and as rivals have already announced plans to launch electric trucks.

Luxury electric car maker Tesla has s...