Tuesday, March 9, 2010
Ford Launches Figo in Small car segment of Indian Market
US carmaker Ford today launched its much anticipated global small car 'Figo' in the Indian market, priced at Rs 3.5 lakh to Rs 4.48 Ford Figo
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The company said it will be exporting the car from India to various markets across the globe, with South Africa being the initial target.
"For years, we have been seen as offering only premium priced products in India, and that has kept us as a small player operating in only 20 per cent of the market. With Figo, customers will see a premium product offered to the mainstream market at an affordable price," Ford India executive Director (Marketing, Sales and Service) Nigel Wark told reporters here.
The car would be available with a 1.2 litre petrol and a 1.4 litre diesel engines. While the entry-level version of the petrol variant will come at Rs 3.5 lakh, the diesel one is priced at Rs 4.48 lakh.
The company claimed that the car would give a mileage of 15.6 kilometre and 20 kilometre in every litre in the petrol and diesel versions, respectively.
The company is also looking at making India an export hub for the small car.
Source : ET