• Ford India sold more than 7,000 vehicles in in June in combined domestic wholesales and exports amid continued challenging market conditions
• Ford India exported 1,024 cars during June; Ford’s exports year-to-date are 29 percent higher than a year earlier
• Ford is committed to its growth plans and bringing eight new vehicles to India by mid-decade
NEW DELHI, India, 2 Jul, 2012 – Ford India sold 7,281 domestic wholesales and export units in June, maintaining steady sales despite continuing difficult market conditions.
Ford India sold 6,257 wholesale units in the domestic market in June. In June 2011, the company sold 7,023 vehicles.
A recent increase in petrol prices, ongoing high interest rates and high inflation have all contributed to challenging market conditions and have affected consumer confidence in the Indian auto market.
“While the market continues to face difficult challenges, we believe these are only cyclical and remain confident of the long term outlook of the Indian auto industry. We are committed to our growth plans and to bringing eight new vehicles here by mid-decade,” said Michael Boneham, president and managing director, Ford India.
Ford India’s exports are up 29 percent this year, with 12,248 units exported since January. The company exported 9,460 cars in the first half of 2011.
“The export numbers continue to be particularly pleasing for us at Ford India. With our expanded powertrain facility nearing completion, Ford India will emerge as an export hub of small cars and engines regionally,” Boneham said.
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About Ford in India
Established in 1995, Ford India is a wholly owned subsidiary of Ford Motor Company, a global automotive industry leader. Ford India manufactures and distributes automobiles and engines made at its modern integrated manufacturing facilities at Maraimalai Nagar, near Chennai. The company’s models include the Figo, Ford Classic, Endeavour and the recently launched All-New global Fiesta.
Ford’s operations in the country also include Global Business Services, comprised of Ford Business Services Center and Ford Technology Services India. Located in Chennai, New Delhi and Coimbatore, these units support Ford globally in the areas of IT, accounting and finance, financial services and automotive operations support, global analytics and engineering services. Ford’s businesses in India employ 10,000 hard-working, dedicated men and women.
For more information, visit www.india.ford.com
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