Ford India expects 10 percent sales growth

By Indo Asian News Service | IANS India Private Limited – Tue 22 May, 2012

Chennai, May 22 (IANS) Ford India Pvt ltd, the Indian subsidiary of the US Ford Motor Company, hopes to achieve 10 percent sales growth despite difficult market conditions while completing expansion of its diesel engine manufacturing capacity, said a top company official.

Speaking to reporters here Tuesday, Ford India's president and MD Michael Boneham said: "We expect the market environment to be difficult. I don't forsee an upturn in the market till the festive season. We expect a 10 percent growth over next couple of months. The market is expected to pick during festive season."

Boneham said the company will not be greatly impacted due to the rupee depreciation as the levels of component localisation are high.

According to him, Ford India recently completed expansion of its diesel engine facility from 250,000 units to 340,000 units at an investment of around $72 million.

Ford India's plant at Maraimalainagar, around 50 km from here, is flexible to roll out diesel and petrol vehicles.

Queried about exports, Boneham said the company will increase the number of export markets to around 50 countries from the current number ranging around 35 countries.

Autos »

  • Ford Ecosport: A closer look

    Ford Ecosport: A closer look

    Thu 16 May, 2013
    Ford Ecosport: A closer look
  • Hyosung GV650 Aquila Pro

    Hyosung GV650 Aquila Pro

    Wed 15 May, 2013
    Hyosung GV650 Aquila Pro

    Cruiser motorcycles might not be very popular in India, but there is still a segment of buyers who prefer to buy these body style of bikes. While there is little option at the lower end of the segment, at high price brackets there are quite a few alternatives. Earlier this year, DSK Motowheels launched the Hyosung GV650 Aquila Pro, which offers quite a lot to the cruiser enthusiast. Priced at Rs. 5.46 lakhs (Mumbai), the GV650 is significant value.

  • India's top 10 best selling SUVs

    India's top 10 best selling SUVs

    Wed 15 May, 2013
    India's top 10 best selling SUVs

    SUVs have become the most favoured body style in the world. So which are the hottest SUVs available in India?

Flashback 2012 »

  • Narendra Modi

    Narendra Modi

    Yahoo! India News - Fri 23 Nov, 2012
    Narendra Modi

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

  • Arvind Kejriwal

    Yahoo! India News - Fri 23 Nov, 2012

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

  • Malala Yousafzai

    Malala Yousafzai

    Yahoo! India News - Fri 23 Nov, 2012
    Malala Yousafzai

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

Most Popular »

  • Road Test and Review: Ford EcoSport

    The Ford EcoSport has been an object of infatuation since it broke cover at the Delhi Auto Expo in 2012. It basked in the limelight for a year and a half for three reasons – an unconventionally attractive design, the … Continue reading →

  • Rahul Gandhi criticises opposition for 'stalling' Food Bill

    Thiruvananthapuram/New Delhi, May 19 (ANI): Congress Vice President Rahul has criticised the opposition parties for stalling the Food Security Bill in Parliament, and asserted the UPA government was determined to enact the legislation for the benefit of people.

  • Spot fixing: Three cricketers questioned together

    New Delhi, May 18 (IANS) Three Rajasthan Royal players, S. Sreesanth, Ajit Chandila and Ankit Chavan, arrested for alleged spot fixing in IPL cricket matches, were Saturday questioned in each others presence by Delhi Police, an official said.

  • Saudi woman creates history by reaching Mount Everest summit

    London, May 19 (ANI): A Saudi woman has become the first female from the country and the youngest Arab to reach the summit of Mount Everest - the world's highest mountain.

  • Development alone is the solutions to problems faced by India, claims Modi

    Rajnandgaon (Chhattisgarh), May 19 (ANI): Gujarat Chief Minister Narendra Modi has said that development in all spheres is the sole key and formula of solutions to the problems faced by India.

  • Emotional swansong for Beckham in Paris
    Emotional swansong for Beckham in Paris

    PARIS (Reuters) - A capacity crowd chanting his name, the Eiffel Tower in the background: even by his own glamorous standards, David Beckham got a special send-off on Saturday as he headed into retirement with another title in the bag. "Tonight was a nice way to go out, in front of my family and in front of the capacity crowd who were excited because we won the league," the 38-year-old former England captain told reporters after his 10th and probably final Ligue 1 appearance. ...

  • Hell in a cell: Tears, regret and no sleep
    Hell in a cell: Tears, regret and no sleep

    New Delhi, May 18 -- In an ironic twist of fate, S Sreesanth's first night in police custody was spent in the confines of the same room where his fate was gradually being sealed over the past month.The Indian pacer, sources told HT, was lodged in the retiring room-cum-office chamber of slain inspector Badrish Dutt, and is sharing the usual 'daal-roti' fare prepared by a Bengali cook at the official mess. ...

More »

Related Videos

Loading...