Ford India reported 26.32 per cent decline in total sales at 19,905 units in November.
The company had sold 27,019 units in the same month last year, Ford India said in a statement.
Domestic sales in November stood at 6,375 units as against 7,777 units in the same month last year, a decline of 18 per cent.
Exports also were down by 29.68 per cent to 13,530 units as against 19,242 units in November 2017, the company added.
Ford India President and Managing Director Anurag Mehrotra said, “With consumer sentiment continuing to be low due to the general economic situation, we expect continued volatility in fuel prices and inflation to cause headwinds for the passenger vehicle industry.”
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.