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Ford Cars Plan To Introduces Four New Cars Over Next Two Years
   
  Total views(1335) 16 September, 2014  
 
Ford
Ford Motor Co plans to launch four new cars in India and is looking to expand the measure of locally made parts to lessen the expense of its vehicles sold in the nation, the leader of its nearby unit said on Friday. Outside carmakers, for example, Ford, Volkswagen AG and General Motors Co are coating up new auto displays in India on any desires for a pickup popular after deals succumbed to two continuous years in a moderating economy.
 
Auto deals in the nation are required to develop by 5-10 percent this financial year. Likewise, India is relied upon to turn into the world's third-biggest traveler auto showcase by 2018, climbing from sixth place today, as indicated by IHS Automotive. "Within the next 18-20 months we plan to launch four new models in India," Nigel Harris, president of Ford India, told Reuters in an interview.

Ford's sales in India have expanded 9.5 percent to 84,469 vehicles in the monetary year that finished on March 31, pushing up its piece of the overall industry to 3.4 percent from 2.9 percent a year back, industry information shown. The U.s. carmaker had said in 2010 it would dispatch 8 vehicle models, in view of its worldwide auto stages, in India before the end of 2015, a focus on the organization is unrealistic to meet because of the monetary log jam and drowsy cars sales. "We will be close to that, but a couple of the models will be deferred by a couple of years," said Harris. Ford keeps on increasing the sourcing of segments from India in cars that will help decrease the vehicle cost, he said.
Posted By : Himesh  
 
     

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