Ford Credit India launches its first special financing program. Right in time for the festive season, qualified customers may finance a 2015 Ford EcoSport for an 8.99 percent annual percentage rate for contracts up to 60 months.
Ford India recently launched the New EcoSport with more power, performance, and features starting at Rs. 6,79,563 ex-showroom (Delhi). More than 2,00,000 EcoSports have been sold locally and overseas since the vehicle was introduced in 2013 in India.
Ford Credit began financing new-vehicle inventory for dealers in India in March and added used-vehicle inventory financing a few months later. In the first phase of its rollout, the retail financing is available to customers in 17 cities across India: Delhi, Chandigarh, Dehradun, Ludhiana, Jhansi, Agra, Moradabad, Ahmedabad, Mehsana, Jamnagar, Bangalore, Chennai, Cochin, Hyderabad, Gaya, Dhanbad and Durgapur. More Ford dealerships will follow in the subsequent phases of launch.
India being a key market in Ford's Asia Pacific strategy, the company has invested USD 2 billion, nearly half of which is being spent on a new manufacturing facility in Sanand, Gujarat. The facility, which opened in March, nearly doubles the company's installed production capacity to 610,000 engines and 440,000 vehicles a year in India.
Ford plans to serve both the domestic and export markets through its enhanced capacity. The company is expanding its sales and service network in India.