Ford India’s combined domestic wholesales and exports in December 2017 recorded 29,795 vehicles compared to 23,470 vehicles in the same month last year, registering a growth of 27%. The company saw a drop in sales on the domestic sales front. The company sold 5,087 vehicles in domestic wholesales compared to 5,566 vehicles the corresponding month last year. Exports in December 2017 stood at 24,708 vehicles against 17, 904 vehicles a year ago.
Ending the year with sustained growth, the combined domestic wholesales and exports in CY 2017 stood at 262,784 vehicles compared to 238,098 units in CY 2016 – recording its highest production & wholesale volume ever.
“2017 saw the Indian automotive industry overcome challenges precipitated by the implementation of GST, increased inflation, after-effects of demonetization, rising crude prices and volatile regulatory environment to register growth,” said Anurag Mehrotra, president & managing director, Ford India.
With two of its world-class plants, Ford continues to deliver on the Make in India promise with the commencement of KA+ exports to mature markets like Europe and New Ford EcoSport to North America.
Specialty chemicals company Lanxess has reached an important step towards more sustainability in its plasticizer portfolio: The Polymer Additives (PLA) business unit now offers a more sustainable solu...
Uno Minda, a leading Tier 1 supplier of proprietary automotive solutions to original equipment manufacturers, has launched its new premium range of alloy wheels in the Indian aftermarket in collaborat...
Greaves Retail, India's leading fuel-agnostic mobility solutions provider and a unit of Greaves Cotton Limited, has announced the launch of its complete range of e-rickshaw batteries under the brand '...