Automaker Ford India on Wednesday reported 33.62 per cent increase in total sales at 15,775 units in March. It had sold 11,805 units in March 2014.
Ford India’s domestic sales were at 5,253 units last month, down 17.35 per cent from 6,356 units a year ago, the company said in a statement.
It said exports during the month stood at 10,522 units as compared to 5,449 units in March 2014, up 93 per cent.
Commenting on the sales performance, Ford India Executive Director Marketing, Sales and Service Anurag Mehrotra said: “With the economic recovery being slower than anticipated and a high interest rate and inflation environment, customers continue to defer their discretionary spends.”
He, however, said: “Ford’s faith in India’s long-term growth prospects remains intact. We are continuing to invest in India’s future growth potential.”
In March, the company inaugurated its USD 1 billion integrated manufacturing facility at Sanand, Gujarat, the second manufacturing plant of the company after Chennai.
Source: PTI
