Sept. 3 – U.S.-based Ford Motor Company published its August sales figures yesterday, showing persistently strong sales in the Chinese and Indian markets.
While the number of Ford vehicles sold in India last month came out to only a modest 7,925 units, the total represents an astounding 220 percent increase over August 2009 and illustrates the huge potential for expansion in the market.
In similarly impressive fashion, Ford sold 44,047 vehicles to the Chinese market last month, a 24 percent year-on-year increase.
“We have big plans for India, China and the region,” Joe Hinrichs, president of Ford Asia Pacific and Africa, said in a statement. “The growth potential in this part of the world in the next 10 years is astounding.”
China will be the largest car market in the world for the “foreseeable future,” and India will be the third-largest by the end of the next decade, he said.
Ford has sold 422,729 in China and India so far this year, good for a 52 percent gain over the same period last year. The company has said that it expects 70 percent of its growth in the next decade to come from Asia and Africa.
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