Ford India sales surge over 2-fold to 23,470 units in December
.jpg)
Ford India today posted over two-fold increase in total sales at 23,470 units in December 2016, driven by overseas shipments.
The company had sold 10,865 units in the same month of 2015, Ford India said in a statement.
Domestic sales, however, declined by 6.04 per cent to 5,566 units last month as against 5,924 units in the same period a year ago, it said.
Exports during the month surged over three-fold to 17,904 units as compared to 4,941 units in December 2015, it added.
Combined domestic wholesales and exports in 2016 stood at 2,38,098 vehicles compared to 1,76,858 units in 2015.
"As we move in 2017, the industry does face some short-term headwinds given the uncertainty regarding the impact of demonetisation and GST, while the medium to long term outlook continues to be positive," said Anurag Mehrotra, executive director, Marketing, Sales & Service, Ford India.
Other Latest News
.webp)
Tesla CEO Elon Musk deferring his India visit this week has had no effect on buzz that his company will eventually have a base for electric vehicles (EV) in the country.
Analysts say Musk deferred his visit to meet Prime Minister Narendra Modi due to Lok Sabha elections when the government attention is focused on campaigning and it cannot announce major policy.
.webp)
Bajaj Finserv Ltd (BFL) on Friday reported a 20 per cent increase in consolidated net profit to Rs 2,119 crore for the March quarter.
The company had posted a net profit of Rs 1,769 crore in the year-ago period.
.webp)
Prime Minister Narendra Modi on Thursday claimed that former premier Rajiv Gandhi abolished the inheritance tax in 1985 after the death of his mother Indira Gandhi to save her wealth from going to the government, continuing his attack on the Congress on the wealth redistribution issue.
Addressing an election rally in Madhya Pradesh's Morena city, Modi alleged that Congress wanted to bring back the inheritance tax or estate duty, a levy imposed on inherited movable and immovable assets.
.webp)
Shares of Housing & Urban Development Corporation (HUDCO) hit a record high of Rs 234.30, zooming 15 per cent on the National Stock Exchange (NSE) in Friday's intra-day trade amid heavy volumes on expectations of good growth going forward. Last week, the Department of Public Enterprises (OPE) granted the Navratna Status to HUDCO.
The stock of the state-owned financial institution surpassed its previous high of Rs 226.95 touched on February 2, 2024. It has bounced back 43 per cent from the low of Rs 163.80 hit on March 13.
.webp)
Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday’s intraday trade. A combined 3.07 million shares of the company changed hands on the BSE. In comparison the S&B BSE Sensex fell by 0.31 per cent 74,109 levels.
The stock of GMR Airports reached a 52-week high of Rs 94.30 on February 20, 2024, while it hit a 52-week low at Rs 40 on May 29, 2023.
.webp)
.webp)
.webp)
.webp)
.webp)
