How many Ford cars are sold in India?
Ford Motor Company, a globally recognized automobile manufacturer, has had a significant presence in India for decades. However, recent developments have reshaped its operations in the country. In this article, we’ll explore the current state of Ford car sales in India, including the impact of Ford's decision to cease local manufacturing and its implications for Indian consumers.
Ford's Exit from Local Manufacturing in India
In September 2021, Ford announced its decision to stop manufacturing cars in India due to sustained losses and an inability to achieve profitability in the market. This decision marked the end of local production at its plants in Chennai and Sanand. As a result, Ford no longer produces cars for the Indian market, significantly impacting the availability of new Ford vehicles in the country.
Current Availability of Ford Cars in India
Although Ford has ceased local manufacturing, it continues to serve Indian customers through the import of select models. These vehicles are brought into the country as Completely Built Units (CBUs), which are typically priced higher due to import duties. Popular models like the Ford Mustang and Ford Ranger Raptor are examples of vehicles that may still be available to Indian buyers through this route.
Impact on Sales Figures
Ford's decision to halt local production has drastically reduced the number of Ford cars sold in India. While exact sales figures for recent years are not readily available, the shift to importing vehicles has limited Ford's market share in the country. The focus has shifted from mass-market vehicles to niche, premium offerings, catering to a smaller segment of the population.
What This Means for Indian Consumers
For Indian consumers, the changes in Ford's operations have several implications:
- Limited Availability: With no locally manufactured models, the variety of Ford cars available in India has decreased significantly.
- Higher Prices: Imported vehicles come with higher price tags due to customs duties and taxes, making them less accessible to the average buyer.
- After-Sales Support: Ford has assured its existing customers that it will continue to provide service, spare parts, and warranty support through its dealer network.
Conclusion
Ford's exit from local manufacturing in India has reshaped its presence in the market. While the number of Ford cars sold in India has declined sharply, the company remains committed to serving its loyal customer base through imported models and after-sales support. For those considering a Ford vehicle, it’s essential to weigh the benefits of owning a premium imported car against the higher costs and limited options now available.
Frequently Asked Questions
Does Ford still sell cars in India?
The American brand ceased operations in India in 2021 due to low sales and financial losses in the highly competitive Indian automotive market.
Is Ford comeback in India?
The American automobile giant plans a third entry into India, reviving its Chennai facility in Maraimalai Nagar, with an annual capacity of 200,000 vehicles and 340,000 engines for export. Ford Motor Company, after stopping operations in India in 2021, is making a return to the country's automotive scene.
Who purchased Ford in India?
Tata Motors on Tuesday said the acquisition of Ford India's manufacturing plant at Sanand through its subsidiary has been completed.
How many Ford sold in India?
Sales performance
| Calendar Year | Sales | Market Share |
|---|---|---|
| 2017 | 87588 | 2.74% |
| 2018 | 97804 | 2.92% |
| 2019 | 73636 | 2.50% |
| 2020 | 66415 | 2.39% |
How much Ford invested in India?
Ford, which had invested over $2.5 billion in India and tasted success with products such as Eco Sport mini-SUV and Figo small car before it called it quits, now believes that Indian market and manufacturing here will help it navigate global business as many markets in the West stagnate.
Is Ford going to return to India?
The American automobile giant plans a third entry into India, reviving its Chennai facility in Maraimalai Nagar, with an annual capacity of 200,000 vehicles and 340,000 engines for export. Ford Motor Company, after stopping operations in India in 2021, is making a return to the country's automotive scene.
How many Ford Mustangs have been sold in India?
Since its introduction here in mid-2016, Ford has a sold an impressive 450 Mustangs in India. Its introduction in international markets has been so successful for Ford, in fact, that it's managed to sell more sportscars than Porsche in Europe; and that's huge.
Why did Ford quit India?
Ford made few mistakes in the Indian market such as majorly its perception of high cost of ownership, the company had to close its India operations because of its wrong investment decision in Sanand, overspending where it didn't benefit consumers and cutting costs where it did.
How many Ford dealerships are there in India?
Ford car dealers and showrooms
Locate over 534 Ford Dealers in Delhi, Mumbai, Banglore, Chennai, Kolkata, Pune and get details of Ford Dealerships across 325 cities in India.
Who is the largest investor in Ford?
Top Institutional Holders
| Holder | Shares | Date Reported |
|---|---|---|
| Vanguard Group Inc | 344.9M | Sep 30, 2024 |
| Blackrock Inc. | 292.24M | Dec 31, 2024 |
| State Street Corporation | 171.86M | Sep 30, 2024 |
| Newport Trust Company, LLC | 156.13M | Sep 30, 2024 |
