Close [X]

Ford India May sales down 13% at 7,046 units

img

Ford India today reported 12.79% decline in domestic sales in May at 7,046 units.

It had posted sales of 8,080 units in the same month last year.

The company sold a total of 51,420 units, including exports, in the January-May 2011 period, a growth of 71% compared to the same period a year ago, Ford India said in a statement.

The firm began exporting the Figo to Bahrain and Kenya this month.

Ford recently announced an investment of $72 million to expand its powertrain facility in Chennai and to support its sales and export growth plans in the country, bringing Ford's total investment in India to more than $1 billion.

"From growing our product portfolio and expanding our presence, Ford's commitment to India has only deepened with time," Ford India President and Managing Director Michael Boneham said.