Comments
Car-maker Ford India today posted a 22.18 per cent decline in total sales at 8,323 units in July.
The company had sold 10,696 units in the same month last year, Ford India said in a statement.
Ford’s domestic sales declined by 16.89 per cent to 6,236 units in the month from 7,504 units in July 2011, it added.
Its overseas shipments fell by 34.61 per cent to 2,087 units from 3,192 units in the same month last year.
“With consumer confidence yet to recover from the effects of a recent hike in petrol prices, ongoing high interest rates and high inflation, the challenging market conditions continue unabated in India’s auto market,” the company said.
Comments
COMMENT NOW
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.