Ford India sales surge over 2-fold in December 2016

GST, Ford India, 23,470 units, demonetisation,
GST, Ford India, 23,470 units, demonetisation,

Ford India on Monday posted over two-fold increase in total sales at 23,470 units in December 2016, driven by overseas shipments.

The company had sold 10,865 units in the same month of 2015, Ford India said in a statement.

Domestic sales, however, declined by 6.04% to 5,566 units last month as against 5,924 units in the same period a year ago, it said.

GST, Ford India, 23,470 units, demonetisation,

Exports during the month surged over three-fold to 17,904 units as compared to 4,941 units in December 2015, it added.

Combined domestic wholesales and exports in 2016 stood at 2,38,098 vehicles compared to 1,76,858 units in 2015.

GST, Ford India, 23,470 units, demonetisation,

“As we move in 2017, the industry does face some short-term headwinds given the uncertainty regarding the impact of demonetisation and GST, while the medium to long term outlook continues to be positive,” said Anurag Mehrotra, executive director, Marketing, Sales & Service, Ford India.

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