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This is an archive article published on September 23, 2009

Ford to produce India small car from early 2010

Ford Motor Co will launch production of its Figo small car in India in early 2010.

Ford Motor Co will launch production of its Figo small car in India in early 2010,it said in a statement on Wednesday.

The car was showcased at a news conference in the Indian capital.

Ford has invested 500 million at a plant in southern Indian city of Chennai and has said the plant was gearing up for production of a small car.

India8217;s domestic auto market is relatively small,especially considering a population of more than 1.1 billion,with about 1.5 million passenger vehicles being sold last year and small cars account of nearly two-thirds of annual unit sales.

 

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