Ford India said on Thursday that it hopes to increase sales this year in a market that is showing signs of growth and an economy that is encouraging.
The "general economic conditions" plus the excise duty cuts and the low interest would help generate growth, Ford India managing director and president David Friedman told reporters in Bangalore.
"We intend to grow the business", he said.
Friedman said the NXT version of Ikon in the mid-size segment was also helping to generate "some growth" for the company ever since its launch in January this year.
Ford India has sold over 130,000 units of Ikon from its Rs 1,700 crore (Rs 17 billion) Chennai facility since its launch, including export of 50,000 units to South Africa, Mexico, Brazil and China, he said.
Some 150 components were also being shipped to China for the company's operations there.
As part of Ford Motor Company's centennial celebrations, Friedman said, Ford India in association with Autocar India, a leading automotive journal, and Karnataka Vintage and Classic Car Club would hold "Ford Centenary Celebration Rally" in Bangalore on June 29.
The rally would showcase- Model A Fords, Vintage Fords (1932-1939), Classic Fords (1940-1959), WWII Classics (jeeps and special vehicles), Modern Classics (1960-1989) and the modern day Indian Fords (Ikon, Mondeo and Escort), he said.
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