Latest News
- Ram Reveals New 2025 Off-Road Trucks With Unmatched Performance And Style
- Mercedes-Benz USA And Bijan Robinson Collaborate With Little Free Library To Enhance Community Literacy
- Rapid Recovery In Used Car Market As Sales Times Halve, Says HonkHonk
- Kia UK Celebrates Renewed Great Place To Work Certification
- Electric Vehicle Drivers Could Gain Hundreds Of Miles Yearly With Proper Tyres
- Royal Enfield Unveils Revolutionary Rentals & Tours Service: Check Out All Details Here
- MG Motor UK Unveils Cyberster Trophy And GT: The Future Of Luxury EV Roadsters
- Bentley Motors Debuts Mulliner Bespoke Creations At Auto China 2024
- UK CV Production Achieves Best First Quarter Since 2008 Amidst Export Surge
- Everrati's New B2B Division Sees Surge In Global Luxury Brand Deals
Ford Figo & Aspire Production Lowered Owing To Dwindling Demand
Ford has made its intentions clear that it will use its Indian manufacturing unit as an export hub. The American-based automobile manufacturer launched its Figo hatchback and Figo Aspire compact sedan models in India. Both models have been highly appreciated by customers.
Unfortunately, dwindling demand for the hatchback and compact sedan has directly caused a reduction in production. Ford India has reduced production of both models by almost half. Currently, average production per month of both models is 6,500 units a month.
Reports suggest that Ford has significantly reduced production at its facility in Sanand. Figo hatchback witnesses a manufacturing reduction by approximately 60 percent. The Figo Aspire, on the other hand, experiences a decline in production by almost 74 percent.
Previously, Ford India had plans to export its all-new Figo hatchback. Their goal was to export the model to the European market, however, Ford has not commenced this operation so far. Export of Ford's Figo hatchback could have also been a result of the reduction in production.
The Ford Figo hatchback has tough competition in the Indian market. Hyundai Grand i10 and Maruti Suzuki Swift are Ford Figo's biggest rivals. The Figo Aspire, on the other hand, has to compete with Honda Amaze, Maruti Swift Dzire, and Hyundai Xcent in the compact sedan segment.