Ford India has commenced the exports of Figo hatchback aka KA+ to Europe from the Sanand production facility in Gujrat. The American automaker has already shipped few thousand units of the hatch. Just so you know, the company exports vehicles to as many as 40 countries from India. The Ford KA+ (Figo) is priced at 9,990 euros (Rs 7.46 Lakhs) in several European markets such as Germany, Spain, and Belgium. However, UK buyers would have to pay a bit extra as it comes at a sticker price of 8,990 pounds sterling (Rs 7.96 Lakhs).
"The exports of Ford KA+ (Next Gen Figo) to Europe, from our Sanand plant, strengthen our commitment to making in India, for India and the world." said Anurag Mehrotra, executive director, marketing, sales, and service, Ford India. Ford invested a huge sum of over $1 Billion in Sanand Plant with an objective of increasing the exports three-fold in the coming five years. It is being spread over 460 acres with an annual production capacity of 2.4 Lakh vehicles and 2.7 Lakh engines. The Sanand factory has over 2500 employees, while it rolls out Ford Figo and Ford Aspire. It is being learnt that India has become one of the top rated country for manufacturing processes because of availability of low-cost labour, infrastructure, and electricity. And, now with GST bill being passed, it would attract more and more investments from across the globe.
In July 2016, Ford India exported 10,285 units with a growth rate of 197.94 percent. Surprisingly, the domestic sales at 9469 units was lesser than exports. Ford EcoSport reclaimed the second spot in the list of most exported cars. In May, the EcoSport was at the fifth position in the list of most exported cars. Not only just Ford, but several other carmakers like Nissan, General Motors, and Hyundai are contemplating making India as an export and manufacturing hub. In other news, the iconic Ford Mustang was launched in India last month at Rs. 65 Lakhs (Ex. Showroom, Delhi) in its history of 52 years for the first time in the country.