Ford India sales down 18% to 24,420 units in December, exports fall 24%
.jpg)
Ford India Wednesday reported 18 per cent decline in total sales at 24,420 units in December 2018.
The company had posted total sales of 29,795 units in the year-ago month, Ford India said in a statement.
Domestic wholesales stood at 5,840 units last month against 5,087 units in December 2017, a growth of 14.8 per cent, it said
Exports in December were at 18,580 units, down 24.8 per cent from 24,708 units in December 2017, the company added.
Ford India said for the calendar year 2018, it clocked domestic sales of 97,804 units, up 12 per cent from 87,588 units in 2017.
Total sales for the year were at 2,65,714 units, up from 2,62,784 units in 2017.
Commenting on the sales performance, Ford India President and Managing Director Anurag Mehrotra said, 2018 was a turnaround year for Ford in India.
"Despite headwinds due to regulatory and economic changes in India and export markets, we are confident of keeping the momentum in 2019," he added.
Other Latest News
.webp)
Prime Minister Narendra Modi on Monday (local time) held a bilateral meeting with his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 Summit in Brazil. PM Modi stated that their discussions focused on strengthening ties in defence, security, trade, and technology. He remarked, "India-Italy friendship can greatly contribute to a better planet."
.webp)
The Andhra Pradesh government has repealed the two-child norm for candidates contesting local body elections. The state assembly on Monday passed the AP Panchayat Raj (Amendment) Bill, 2024, and the AP Municipal Laws (Amendment) Bill, 2024, effectively removing the decades-old restriction, reported NDTV.
The two-child policy was introduced in May 1994, mandating that candidates seeking election to Gram Panchayats, Mandal Praja Parishads, and Zilla Parishads should not have more than two children.
.webp)
Police have registered a case against four unidentified persons on charges of attempt to murder after NCP (SP) leader and former Maharashtra home minister Anil Deshmukh was seriously injured in stone pelting at his car in Nagpur, officials said on Tuesday.
The incident took place at around 8 pm on Monday and Deshmukh was later admitted to a private hospital in Nagpur.
.webp)
Amid alarmingly high pollution levels in Delhi, Environment Minister Gopal Rai on Tuesday urged the Centre to convene an emergency meeting to tackle the issue and said it is the moral responsibility of Prime Minister Narendra Modi to intervene in the matter.
Addressing a press conference, Rai said the Centre has not acted on the Delhi government's repeated requests to allow artificial rain in the national capital and he will again write to Union Environment Minister Bhupender Yadav.
.webp)
The Enforcement Directorate (ED) has uncovered "direct links" between e-commerce giants Amazon and Flipkart and their preferred sellers, The Economic Times reported on Tuesday. The central probe agency is investigating alleged violations of foreign investment laws by the companies.
According to the report, the ED quizzed the “top” five sellers of both firms and found that many of these sellers are either former employees or relatives of former associates of Amazon and Flipkart.
.webp)
.webp)
.webp)
.webp)
.webp)
