Financial Daily from THE HINDU group of publications
Saturday, Dec 24, 2005
Financial Daily from THE HINDU group of publications Saturday, Dec 24, 2005 |
|
|
|
|
|
|
|
Corporate
-
Announcements Ford to raise prices 2.5% from mid-Jan Our Bureau
Chennai , Dec. 23 FORD India said it would increase prices across models from the middle of January 2006. This price hike has been necessitated by continuous increase in input costs and logistics, Mr Arvind Mathew, Managing Director and President, Ford India Pvt Ltd, said in a press release. According to Mr V. Sivaramakrishnan, Vice President - Marketing, Sales and Service, the price increase will be in the range of 2 per cent to 2.5 per cent. This works out to an increase of Rs 10,000 to Rs 18,750, for the models. However, Ford India will deliver cars at the existing prices for those booked before the actual date the revised prices come into effect, according to Mr Sivaramakrishnan. He said the newly launched Fiesta had received 4,500 customer orders. The company hoped to deliver at least 2,000 of these cars in December itself. Ford India's models consist of the entry-level mid-size sedan Ikon, the premium sedan Fiesta, the urban activity vehicle Fusion, the sports utility vehicle Endeavour, and the luxury sedan Mondeo.
More Stories on : Announcements
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|