Ford India looks to cash in on diesel car demand

Ford India, which has met with good customer response to the diesel variant of its hatchback Figo is upbeat about the demand for diesel cars in India.

Car maker Ford India is trying to cash in on the rising demand of diesel models, as petrol prices in the country are continuing to remain high. "Petrol prices are high. I think, for us that creates a different environment because more people are pushing towards diesel now," Ford India President and MD Michael Boneham said at AdAsia 2011.    

The company, which has met with good customer response to the diesel variant of its hatchback Figo is upbeat about the demand for diesel cars in India. "There is a lot of hidden demand and companies such as ours are not able to meet the free demand for diesel. So, we continue to work through that," he said.

Ford India already has different diesel variants across the range and it "pretty comfortable" with its product line up, he added.

In October, Ford India's domestic sales declined by 10.36% to 8,091 units from 9,026 units in the same month last year. "It is a tough domestic market with interest rates rising. The 0.25 percentage point (increase in policy rates by RBI) last week was another difficult thing to swallow.

"We would like to see more positive sentiment. I think the expectation is that we should start to see better in the next year," Boneham said. The company recently started work on its second plant in Gujarat, on which it will invest Rs4,000 crore. Talking about the proposed plant, Boneham said: "We will be rolling out a lot of new models from our Gujarat plant. We have talked of eight new models in the next five years and essentially a vast majority of them will be in the small car segment."

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Audi India posts 35% rise in October sales

Luxury car maker Audi India reported a 35% jump in sales for October at 482 units

Audi India reported a 35% jump in sales for October at 482 units, while it had sold 357 units in the corresponding month last year.

During the January-October period this year the company's sales increased by 85.09% to 4,692 units from 2,535 units in the year-ago period.

"This year is shaping into, what we believe will be, Audi's most successful year in India to date. We attribute this growth to our continued focus on introducing an energetic product line, qualitative network growth and strong brand pull," Audi India head Michael Perschke said.

The company has launched six models this year and is focusing at strengthening its dealership network not only in metros, but also in Tier II and III cities, he added.

"With this exceptional performance, I am confident that we are well on our way to exceeding our sales targets of 5,000 cars this year," Perschke said.

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Gujarat Fluorochemicals: Power Play

Investments in new ventures & high growth potential in the coming years

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