Ford Posts Record Month in India
Ford's headlines have all been huge recently. The company dropped a strong third-quarter for analysts to chew on, as well as impressive vehicle sales in October. One headline that isn't making as much noise is Ford's recent growth in India; it's a small market now, but has huge growth potential for the Blue Oval.
Ford India sold 14,935 combined domestic wholesales and export vehicles in October, the company announced this week. That marks its best month in history, and an increase of 36% in year-over-year results. Ford India will also act as a distribution point in the future and it exported 5,772 vehicles in October. Ford India added 10 new markets to its export list, including Australia, Nicaragua, Honduras, and Guatemala, and increased exports by 71% year over year.
"At Ford India, we are extremely delighted by customers' acceptance of our reliable, fuel-efficient and fun-to-drive products. Led by the Ford EcoSport, our product portfolio has helped our sales momentum continue to grow amid a challenging economic environment," Vinay Piparsania, Ford India executive director of marketing, sales, and service, said in a press release. "We strive to continue to excite our customers with smart offers thereby giving them more reasons to take home a Ford," he added.
The article Ford Posts Record Month in India originally appeared on Fool.com.Fool contributor Daniel Miller owns shares of Ford. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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