Ford India has registered a strong growth in sales of about 45% in the period of Jan to July 2011 compared to the same period in the year 2010. In July 2011, the company had combined wholesales and exports of 10,706 units, compared to 9,666 units in July 2010. As part of its aggressive global expansion, Ford India and the State of Gujarat signed a Memorandum of Understanding (MoU) in Gandhinagar on July 28 to build a state-of-the-art vehicle manufacturing plant and an engine plant on a 460-acre site in Sanand.
Michael Boneham, president and managing director, Ford India quoted:
“These are exciting times for Ford in India. We are investing in the future and reinforcing our long-term commitment to India by building two new plants in Gujarat and by adding the All-New Ford Fiesta 2011 to our portfolio. The All-New Fiesta is the first of eight new vehicles we will bring to India by mid-decade. We appreciate our customers’ patience as we work with our suppliers to remove capacity constraints, and ensure we can meet the ever increasing demand for Ford products. The All-New Fiesta is a great addition to our portfolio and has had a tremendous reaction from customers so far. We are pleased to have sold over 70,000 vehicles to local and international markets this year.”
Led by a surging demand for the compact Ford Figo, Ford India exported more than 3,200 cars to 26 markets, including seven new ones, in July 2011.
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