Equity Bulls reported that Ford India reported 30.42% decline in its total sales in February this year at 7,253 units. The company had sold a total of 10,424 units in the same month last year.
The domestic sales also went down by 44.12% to 4,490 units in February this year as against 8,035 units in the same month last year. The company exported 2,763 units last month compared to 2,389 units in the year ago period registering a rise of 15.66%.
Commenting on the sales performance Ford India Executive Director Mr Vinay Piparsania said that "In the domestic market we continue to witness some tough and challenging conditions. Policy uncertainty and resulting lowered consumer confidence is impacting our business."
Source - Equity Bulls