Ford India sales decline 22% in October

Ford India today reported a decline of 22.12 per cent in total sales at 11,630 units in October.
It had sold 14,935 units in the same month of last year, Ford India said in a statement.
Its domestic sales also declined by 26.62 per cent to 6,723 units in October as against 9,163 units in the same month of last year, it added.
Ford's exports also declined by 14.98 per cent to 4,907 units last month as against 5,772 units in the year-ago period.
Ford India Marketing, Sales and Service executive director Anurag Mehrotra said: "Macro-economic indicators suggest a gradual recovery in the economy. But the positive customer sentiment is yet to translate into vehicle sales, potentially due to high interest rates and inflation."

The company said it has commenced a third-shift of production at Chennai vehicle assembly and engine plant in October to further improve supplies of its products.