Ford India on Friday said it will be increasing the price of its latest small car Figo on account of rising input cost by next week.
Ford India will increase the price of its entry-level sedan Ikon by up to 1.5 per cent from April as it looks to offset rising component import bills due to rupee depreciation.
"The small car will be our new model and it will be rolled out by early 2010," Ford India Executive Director Nigel E Wark told reporters in Kolkata. He said the company is yet to decide on the target segment of the small car, but added that it would not compete with small cars like Nano from Tata Motors' stable.
The new EcoSport 'Platinum Edition' will be sold in both fuel variants
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.
With diesel cars set to become costlier from next year with the implementation of stricter BS-VI emission norms, major automakers in India are contemplating about the future of such vehicles in their portfolios.
The revised prices enhances the accessibility of these outstanding products, which offer segment-first safety features and class-leading technologies
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.
There was no sale of premium sedan Kizashi during the month.
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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