Ford India total sales fall 30% in Feb

Ford India reported 30.42% decline in its total sales in February this year at 7,253 units. The company had sold a total of 10,424 units in the same month last year, Ford India said.

The domestic sales also went down by 44.12% to 4,490 units in February this year as against 8,035 units in the same month last year, it added. The company exported 2,763 units last month compared to 2,389 units in the year-ago period, registering a rise of 15.66%.

Commenting on the sales performance, Ford India Executive Director (Marketing, Sales and Service) Vinay Piparsania said: "In the domestic market, we continue to witness some tough and challenging conditions. Policy uncertainty and resulting lowered consumer confidence is impacting our business."

Source : Equity Bulls

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