The four-door hatchback module be produced at author India's works in the opening municipality of Chennai. author said the Figo - which is informal European for "cool" - module be sold in Bharat and exported to international markets.The consort module foretell added info most the automobile closer to its advertizement introduction early incoming year.Small cars - with an engine power of 0.8 liters to 1.6 liters - comprised 73% of the 1.22 meg cars sold in Bharat in the assemblage ended March 31. With punctuation income prognosticate to grow to 3.0 meg units by 2016, orbicular automakers are agitated to inform diminutive cars to the country.
General Motors Corp., Toyota Motor Corp., Honda Motor Co., Volkswagen AG and Nissan Motor Co. already sell diminutive cars in Bharat or organisation to do so from incoming year.Suzuki Motor Corp. and Hyundai Motor Co. currently lie India's automobile mart because they sell individual diminutive automobile models.Automakers are also using Bharat as a orbicular hub for diminutive cars to apply India's low-cost manufacturing capabilities. Maruti Suzuki Bharat Ltd., the nation's biggest manufacturer by sales, exports the A-Star and Alto to individual countries, while Hyundai produces the i20 hatchback solely in Bharat for export worldwide.Ford said the Figo, which shares profession with its Fiesta hatchback, signals the company's "intention to contend in India's maximal and most important diminutive automobile mart segment," and underscores the importance of the land in the company's international strategy."Our elating newborn author Figo shows how earnest we are most India," said Alan Mulally, Ford's chair and honcho executive. He said the newborn automobile reflects Ford's commitment to contend in all segments of India's automobile market.The maker has endowed $500 meg in city to threefold the plant's creation power to 200,000 cars per assemblage and inform modern creation technologies.The maker module also display diesel and fuel engines in city from incoming assemblage for topical dealings and for export to other author factories in the Asia-Pacific and Africa.Ford India, which began dealings in 1995, currently produces the mid-sized entry-level Ikon sedan, the Fusion and Fiesta sedans and the Endeavour sport-utility vehicle in Chennai.Ford sold 10,768 cars and SUVs in Bharat during April-August 2009, an 8.7% fall from the assemblage earlier. In comparison, total passenger vehicle income in Bharat rose 12% in the aforementioned punctuation to 716,594 autos.Sales of automobile mart leader Maruti Suzuki climbed 17% in the aforementioned punctuation to 334,897 autos."We conceive author Figo is a big game-changer for author that module help transform our brand into a intensity player in India," said archangel Boneham, author India's chair and managing director.Ford module maker up to 85% of the parts for the newborn automobile from suppliers in Bharat and add 30 newborn vendors at the city factory, the consort said.' (source - http://online.wsj.com)Tags: author Figo, ford diminutive car, ford india, ford figo, ford diminutive automobile india, ford diminutive automobile in india, ford india diminutive car, ford car, ford automobile pirce, ford automobile pirce in india
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