Business » Industry

Updated: March 8, 2013 02:36 IST

Excise hike on SUVs may not hit Ecosport, feels Ford

Staff Reporter
Comment   ·   print   ·   T  T  
Joginder Singh
Joginder Singh

Ford India believes that its upcoming compact SUV Ecosport will not be affected by the recent proposal to hike excise duty on SUVs, even as the car maker is betting on the growth of the compact SUV segment to pull it out of a slowing market.

“The compact SUV category has done well even in challenging times, and we are confident that it will help us. We have received some clarification from the Government that models like the Ecosport will not be impacted, though the fine print still needs to be studied,” said Joginder Singh, Managing Director, Ford India.

“There are certain cut-offs in the criteria, such as ground clearance, and our interpretation is that the Ecosport will not come under this. The Endeavour, however, will be affected,” he added, while addressing reporters here on Thursday.

The company is also hoping that the Ecosport will be able to replicate the success of the Figo in the export markets—which is now exported to 37 countries from the Ford plant near here.

“The upcoming plant in Gujarat, which will be operational next year, will also be used as an export hub for our vehicles and engines,” said Mr. Singh.

More In: Industry | Business
This article is closed for comments.
Please Email the Editor

Commodity prices

Take a look at the prices of various commodities in Chennai here»






Recent Article in Industry

The group also plans to commission 500 MW of solar power projects by March 2016 from 180 MW it expects to complete by end-March. File photo: R. Ashok

Mahindras plan big push to renewable energy business

To invest Rs.4,500 crore ($732.5 m) over the next 3-4 years »