Ford launched commercial production of Figo model in India

Ford India Private Limited (FIPL), a fully owned subsidiary of US based Ford Motor Company, today launched the production of its much awaited small car model Ford Figo, at its Maraimalai Nagar production facility in Tamil Nadu. Mr M Karunanidhi, Chief Minister of the state inaugurated the production of Figo model which is expected to be launched in India by the end of this month. Ford Figo is company's first compact small car in India and it is expecting good response from middle-class buyers after analyzing the high sales of recently launched small car Chevrolet Beat in the country.

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Ford to launch Figo model next month

Ford India, a subsidiary of US based automobile manufacturer Ford Motors is all set to launch its much awaited compact small car Ford Figo in India, next month. Production of the Ford Figo model has been started at company's plant in Maraimalainagar, Chennai after inaugurated by the state Chief Minister M Karunanidhi. Ford India has invested around $500 million in its operations in Chennai. Michael Boneham, MD and President of the Ford India said in a statement given to the media that Ford Figo Model will be launched with a very competitive price tag as the Figo model will be launched in a segment which is already very competitive and accounts for 70% of the all new car sales in the country.

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Ford Figo and Volkswagen Polo will be launched in India

The Indian auto Industry registered a record sales growth in the starting month of this year and the major contributor to this growth was small car segment. Where the sales of Maruti's flagship model Maruti Alto and Maruti Wagon R remain on top, Hyundai's Santro Xing and i10 models registered a good sales figures. But the show stopper was the Chevrolet Beat model which received a very good response from the Indian customers as company has already sold 2825 units of Chevrolet Beat model in the month of January this year. It is expected that the momentum of high growth will remain in coming months also as many new car models are expected to be launched in India in coming months. Ford Motors is all set to launch its Ford Figo model in India as the production of the model has already been started at its Chennai plant. Ford has invested nearly $500 in its operations in India and the company is targeting to make India its export hub for its small car Ford Figo.

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Another world's cheapest car by EcoCa in India

After the launch and success of Tata Nano, several auto makers challenged the world's cheapest car by fixing lower prices of their small cars. But now the biggest wonder has appeared in the form of EcoCa Ltd-London based engineering and design firm. The company, EcoCa, has developed the prototype of the cheapest car. The new small car would be a two-seater car with automatic gearbox and convertible roof. It weights only 330 kg very less against Tata Nano's 635 kg. The initial fuel efficiency is around 27-28 kmpl as against 23.6 kmpl of Nano. The prototype has a peak speed of 70 kmph, much lower than Tata Nano's 103 kmph.

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Tata Motors plans to launch hybrid Nano

Tata Group is now planning to come up with the hybrid versions of its Tata Nano, which is taged as the world's cheapest car with the aim to join in the environment-friendly trend. Ratan Tata, chairman of the Tata Group, told that low-priced goods would create stronger demand than high-end products in India, and the so-called low-price revolution would continue across the world. Tata Motors which is India's biggest vehicle maker, saw the car industry's future lying in economic-friendly models. The chairman did not commented on the possible launch of cheap hybrid versions.

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