Ford India's Small Car Figo Has Increased Prices By 1 Pc

American automaker Ford announced Thursday screwed the price of its small car Figo with 1 per cent in the current month. The automaker went to the upward revision in the price of small cars to offset the impact of rising raw material costs.

When production costs rise, there has been a constant pressure on product costs, production costs increase. We did a small price increase of one percent of Figo earlier this month, Ford India President and Managing Director Michael Boneham said in New Delhi.

There are commodity prices rising and the company expected to act similar to other models of the impact, he said.

During the trips, Cool, which is available in both petrol and diesel versions are priced between Rs 3.59 lakh and Rs 5.48 lakh (ex-showroom Delhi). The company also announced a new version of the midsize sedan 'Fiesta', the first eight zone between the use of the products in India in 2015, reports PTI.

Talking about the new Fiesta, Boneham said: "This is a superior product and is the first of our new line of eight cars The car will be launched around July this year .."

Produce the company's new Fiesta "plant in Chennai at the local level will plant two million vehicles to replace one of the three bases and 2.5 million engines per year production capacity ..

He said the company's growth in sales, Ford India Vice President (Marketing, Sales & Service), Nigel E Wark said the industry to grow by about 15 percent this financial year is forecast. We believe we can do better. "

Wark said the limited supply is facing a shortage of some kind of component. When asked, Ford India is losing production due to the issue of security of supply, Wark said: "If we increase the capacity, as soon as it is a challenge." The company currently produces about 12,000 units per month in two shifts.

Report of the meeting of officials of companies' plant in Gujarat of a new plant there, Wark said: "We will continue to work on a long-term plan. We still have a capacity of Chennai. Moreover, we can not comment on anything."