Carmaker Ford India is gearing up for the launch of its next vehicle later this year. The company expects the new product to steer it towards the much-awaited turnaround.
Ford Motor India would announce an across the board price hike next month, a top company official said on Wednesday.
Ford India on Thursday announced the launch of a new variant 'Ford Endeavour with hurricane gear' in the domestic market as part of its efforts to consolidate its position in the fast-growing sports utility vehicles segment.
The US auto giant Ford Motor on Tuesday said it would post profits at its Indian unit from this year, with a strong sales growth of its mid-size sedan 'Ikon' in the market.
Ford Motor India said on Wednesday that it has firmed up plans to launch 'Fusion' in the next three months as the prototype of the vehicle, a crossover between a car and an MUV, has been developed.
Ford Motor India on Monday said the sales of its flagship model Ikon crossed the 10,000 mark in the first five months this year and the company was poised to post profit in 2004.
Ford Motor India plans to hike prices by up to Rs 19,000 on mid-size car Ikon next month after steep increase in steel prices raised input costs and put pressures on margins.
Indian arm of the second-biggest US automaker Ford India on Thursday reported a whopping 41.8 per cent sales growth during the last fiscal due to rising sales of mid-size sedan 'Ikon'.
Ford Motor India said on Monday that it hopes to wipe out its losses this year riding on the growing sales of its mid-size sedan Ikon.
The local unit of United States automaker Ford expects its sales to rise 20 per cent this year from 42,956 units sold in 2003 on the back of greater sales of the existing models and launch of a new car.
The new look Ford Figo will have smoky stealth finish exterior styling elements, including 14 inch alloy wheels, fog lamp bezels and rear bumper valance.
Car maker Ford plans to unveil a new concept vehicle at the upcoming Delhi Auto Expo as the company looks to tap growth in the compact car segment India.
The company, which had launched the model last year, has so far sold more than 60,000 units of the SUV in the country.
Car maker Ford India said it is looking at introducing a small car model in the country as part of its strategy to roll out eight new products by 2015.
Auto maker Ford India on Thursday said it has hiked prices by 1-5 per cent on different models with immediate effect to offset rising input costs.
Exports in August were up 10.3 per cent to 12,472 units from 11,305 units in the same month of previous year.
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