KOLKATA: Automobile maker Ford India would focus on exports to get stability in demand as the domestic market was marked by volatility, a company official said on Wednesday.
Around 60 per cent of the Indian production is exported to 55 to 60 countries in the regions of Europe, Africa, Gulf and the ASEAN, said Shripad Bhat, Country Director (Government Affairs).
“The domestic market is so volatile and big players are there. So, it is our strategy to focus on the export market where the demand is more or less stable,” Bhat told reporters here.
With a current market share of 3.5 per cent to four per cent, Bhat said, “We are not expecting this to grow much in the current fiscal.”
Ford India has a portfolio of five products ranging from small compact to SUVs, and are manufactured at its plants in Chennai and Sanand (Gujarat).
With a total manufacturing capacity of four lakh units per annum between the two plants, the company’s production volume was 2.5 lakh units in one-shift operation.
On rupee depreciation, he said the company would gain from exports. (AGENCIES)
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