Ford Posts Record Month in India

Ford's (NYSE: F  ) 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.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2713235, ~/Articles/ArticleHandler.aspx, 9/25/2016 1:25:00 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:01 PM
F $12.17 Down -0.01 -0.08%
Ford CAPS Rating: ****