- FordIndiasold more than 7,000 vehicles in in June in combined domestic wholesales and exports amid continued challenging market conditions
- FordIndiaexported 1,024 cars during June; Ford’s exports year-to-date are 29 percent higher than a year earlier
- Ford is committed to its growth plans and bringing eight new vehicles toIndiaby mid-decade
NEW DELHI, India, 2 Jul, 2012 – FordIndia sold 7,281 domestic wholesales and export units in June, maintaining steady sales despite continuing difficult market conditions.
FordIndiasold 6,257 wholesale units in the domestic market in June. In June 2011, the company sold 7,023 vehicles. A recent increase in petrol prices, ongoing high interest rates and high inflation have all contributed to challenging market conditions and have affected consumer confidence in the Indian auto market.
“While the market continues to face difficult challenges, we believe these are only cyclical and remain confident of the long term outlook of the Indian auto industry. We are committed to our growth plans and to bringing eight new vehicles here by mid-decade,” said Michael Boneham, president and managing director, FordIndia.
Ford India’s exports are up 29 percent this year, with 12,248 units exported since January. The company exported 9,460 cars in the first half of 2011.
The export numbers continue to be particularly pleasing for us at FordIndia. With our expanded powertrain facility nearing completion, FordIndiawill emerge as an export hub of small cars and engines regionally,” Boneham said.
Domestic Wholesales June 2012: 6,257
Exports June 2012: 1,024
Total June 2012: 6257 + 1024 = 7,281
Domestic Wholesales June 2011: 7,023
Exports June 2011: 2,205
Total June 2012: 7,023 + 2,205 = 9,228