Ford India’s range has undergone a price revision following the increase in import duties on parts, the company has announced. A price increase by up to 4 per cent will be valid across the range, effective from March 1, 2018.
The company also announced its sales figures for the month of February 2018. Domestic sales increased to 9041 units, in comparison to the 8,338 vehicles from February 2017. Exports, at 14,924 units, saw a slight decrease in comparison to 15,688 units from Feb ’17.
Rounding up the achievements for the company this month, which includes an award for the Compact SUV of the Year 2018, is the opening of two new sales and service outlets in Dehradun and Hyderabad.
Ford India’s President and MD, Anurag Mehrotra said, “Improvements in GDP growth and other industry indicators continue to support the year on year growth of the auto industry. However, there are headwinds in terms of impending increase in interest rates, crude prices, and inflation. We also believe the increase in customs duty and the cess of exports will drive up prices, with a potential of impacting demand.”
