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Ford India sales down 0.25% at 23,965 units in Feb

Press Trust of India  |  New Delhi 

today reported a 0.25 per cent decline in total sales at 23,965 units in February against 24,026 units in the same month last year. The company said its domestic sales stood at 9,041 units in February as against 8,338 units in the year-ago month, up 8.43 per cent. Exports stood at 14,924 units last month as compared to 15,688 units in February 2017, a decline of 4.86 per cent, said in a statement. said: "Improvements in GDP growth and other industry indicators continue to support the year-on-year growth of the auto industry." He further said there are headwinds in terms of impending increase in interest rates, crude prices, and inflation. expanded its sales and service footprint in February with the inauguration two new sales and service outlets in and Hyderabad, respectively. The company also announced its decision to raise prices of all its vehicles by up to 4 per cent from March 1, 2018, after the government's decision to increase import duty on auto components.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 01 2018. 13:30 IST
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