Home ECONOMY Exports drive Ford India to log sales growth in April

Exports drive Ford India to log sales growth in April

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Chennai, May 2:

Driven by exports, car maker Ford India closed last month selling 14,215 units, logging an overall growth over the corresponding period of last year, the company said on Saturday.

ford-logoIn a statement, the company said it sold 14,215 units last months compared to 13,297 units sold in April 2014.

According to Ford India, April domestic wholesales stood at 4,931 vehicles against 6,651 units in the same month last year, while exports grew to 9,284 vehicles compared to 6,646 units in April 2014.

“The current economic environment is still a mixed bag with inflation easing but weak monsoon, coupled with high interest rates, can potentially put pressure on vehicle sales in the coming months.” said Anurag Mehrotra, executive director Marketing, Sales and Service at Ford India.

“We expect the demand to improve towards the last quarter of 2015 and are geared to make the most of this improvement with plans to introduce three new products in the next 12-15 months,” he added. (IANS)