Success in my Habit
Showing posts with label Ford. Show all posts
Showing posts with label Ford. Show all posts
Tuesday, November 1, 2011
Ford India sales up 12% in October
NEW DELHI: Car-maker Ford India today reported a 12.01 per cent increase in total sales during October to 10,906 units, mainly on account of higher exports.
The company sold 9,737 units in the corresponding month last year, Ford India said in a statement.
Ford's domestic sales declined by 10.36 per cent to 8,091 units in the reporting quarter from 9,026 units in the same month last year, it added.
Its overseas shipments, however, rose nearly four-fold to 2,815 units in October this year from 711 units in the same month last year.
"Exports are a strong part of our growth strategy. And it's wonderful to see the Chennai-made Figo winning hearts of customers in overseas markets too," Ford India President and Managing Director Michael Boneham said.
During the January to October period this year, Ford sold 1,01,439 units, as against 77,324 units in the corresponding year-ago period, translating into a 31.19 per cent increase.
"We are so proud that more than 1,00,000 customers in India have chosen to drive a high quality, fuel-efficient Ford vehicle. More customers in the first 10 months of this year have chosen Ford than the entire 12 months of 2010," he said.
The company recently started work on its second plant in Gujarat, on which it will invest Rs 4,000 crore.
Friday, July 29, 2011
Ford to create 5,000 jobs in Gujarat
GANDHINAGAR: US automobile majorFord will invest $1 billion (Rs.4,000 crore) to manufacture cars and engines at an integrated facility at Sanad in Gujarat, generating 5,000 jobs, the company announced Thursday.
Ford has entered signed a memorandum of understanding (MoU) with theGujarat government to construct the facility, a company statement said. The construction of both the plants will begin later this year, with the first vehicle and engine scheduled to come off the line in 2014, it added.
"We selected Gujarat because of its pro-business environment, infrastructure, access to ports in northwestern India and skilled workforce," said Joe Hinrichs, president and chief executive, Ford Asia Pacific and Africa regions.
"The facilities (will be used for) stamping, body, paint and assembly operations for vehicle manufacturing, as well as machining and assembly operations for engine manufacturing," the statement said.
"The vehicle manufacturing plant will have an initial annual capacity of 240,000 units, and the engine plant will have an initial annual capacity of 270,000 engines," the statement said.
Ford has entered signed a memorandum of understanding (MoU) with theGujarat government to construct the facility, a company statement said. The construction of both the plants will begin later this year, with the first vehicle and engine scheduled to come off the line in 2014, it added.
"We selected Gujarat because of its pro-business environment, infrastructure, access to ports in northwestern India and skilled workforce," said Joe Hinrichs, president and chief executive, Ford Asia Pacific and Africa regions.
"The facilities (will be used for) stamping, body, paint and assembly operations for vehicle manufacturing, as well as machining and assembly operations for engine manufacturing," the statement said.
"The vehicle manufacturing plant will have an initial annual capacity of 240,000 units, and the engine plant will have an initial annual capacity of 270,000 engines," the statement said.
Tuesday, July 26, 2011
Ford likely to locate second car manufacturing plant in Gujarat
AHMEDABAD:US carmaker Ford is likely to make an announcement on the setting up its secondcar manufacturing facility in Sanand taluka near here, official sources said on Tuesday.
Ford India's proposed site is likely to be next to Tata Nano's plant in Sanand. The company currently has a manufacturing facility at Chennai.
"Ford has been in discussion with the government to set up its second car manufacturing plant at an investment of nearly Rs 5,000 crore. It has decided on a 400 acres of land at Sanand for the facility," the state government officials told PTI.
The District Collector of Ahmedabad is in the process of earmarking 400 acres of land in Sanand, nearly 40 km from here, for Ford India, they said.
In reply to a query on announcement of manufacturing facility in Gujarat,Ford India in a statement said, "As part of our plan to introduce eight new products by the middle of the decade, Ford is expanding its capacities at its existing facility in Tamil Nadu as well as exploring other options."
In August last year, Ford had announced to launch eight new models in India by 2015 in a bid to tap the burgeoning domestic car market.
The introduction of the new vehicles would be part of the company's plan to bring more products from its global portfolio and other Asia Pacific and African markets.
The company has already invested USD 500 million to expand production capacity to two lakh units annually at its Chennai facility. It also has an engine manufacturing plant with an installed annual production capacity of 2.5 lakh units.
Ford India's proposed site is likely to be next to Tata Nano's plant in Sanand. The company currently has a manufacturing facility at Chennai.
"Ford has been in discussion with the government to set up its second car manufacturing plant at an investment of nearly Rs 5,000 crore. It has decided on a 400 acres of land at Sanand for the facility," the state government officials told PTI.
The District Collector of Ahmedabad is in the process of earmarking 400 acres of land in Sanand, nearly 40 km from here, for Ford India, they said.
In reply to a query on announcement of manufacturing facility in Gujarat,Ford India in a statement said, "As part of our plan to introduce eight new products by the middle of the decade, Ford is expanding its capacities at its existing facility in Tamil Nadu as well as exploring other options."
In August last year, Ford had announced to launch eight new models in India by 2015 in a bid to tap the burgeoning domestic car market.
The introduction of the new vehicles would be part of the company's plan to bring more products from its global portfolio and other Asia Pacific and African markets.
The company has already invested USD 500 million to expand production capacity to two lakh units annually at its Chennai facility. It also has an engine manufacturing plant with an installed annual production capacity of 2.5 lakh units.
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