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Ford entry-level sedan Ikon @ Rs 4.59 lakh

November 05, 2008 15:48 IST
Ford on Wednesday launched the new petrol and diesel variant of its entry-level sedan -- Ikon -- in India, priced at Rs 4,59,000 and Rs 5,19,000 (ex-showroom), Delhi, respectively.

"The new Ford Ikon continues to be a leader in its segment and caters to customers with a combination of superior fuel efficiency and improved engine performance," Ford India president Michael Boneham told reporters.

The diesel variant of the new Ikon would come with a 1.4 litre DuraTorq TDCi engine, while the petrol variant would be available with a 1.3 litre RoCam engine.

About the ongoing global financial turmoil, Boneham said: "The current world economy is creating some tough times for car business as a total. Credit crunch and the lack of confidence among consumers and banks have created short-term impact."

He, however, said the company's announced $500-millionĀ investment plan in India for the next few years would continue with a new engine plant and a car-manufacturing facility in Chennai.

"Ford is confident that we will be a big part here. Our capacity-enhancement programme and the small-car project will continue as announced earlier," he said.

The company would launch a new small car in India in 2010, he added.

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