He will be succeeded by Joginder Singh, who now heads the Business Services Centre of Ford Motor Company.
New Ford Fiesta will give firm competition to others in the C segment.
Ford expects the sagging car demand to get a boost during the forthcoming festive season.
New Fiesta introduced on Thursday is available in both petrol and diesel versions.
The Ford Figo is a celebration of the best-in-class features, style, comfort and ownership.
Ford had registered the name 'Splash' with the Controller General of Patents Designs and Trademarks Registry on August 16, 2002.
Michael Boneham, President and Managing Director at Ford India talks about Ford's small car Figo as well as the company's future plans.
'We announced a $500 million investment plan for India. I have not received a single call from either the US or Bangkok (Ford's Asian centre of operations) asking me to freeze the investment programme or to scale it down,' says Michael Boneham, MD, Ford India.
US car maker Ford on Tuesday said it will phase out its hatchback 'Fusion' from the Indian market, as it gets ready to launch the small car 'Figo' next month.
With its bullish plans to take its Figo car model to global markets, Ford India is looking at North America, the UAE and South America, among others, for export. The company expects to export at least 10,000 units of Ford vehicles in these countries by the end of this financial year.
The company also sells its mid-sized sedan 'Ford Fiesta' as 'Ford Ikon' in South Africa.
Last month, Ford had a total output of 7,819 units. It has an annual production capacity of up to 200,000 units.
US carmaker Ford Motor Co, which aims to enter the Indian small car market by 2010, plans to make the country a regional hub for exports, both for the cars and engines.
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. The company would launch a new small car in India in 2010.
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