Ford India reported a 39.23 percent decline in total sales at 15,281 units in April against 25,149 units in the same month last year. The company said its domestic sales stood at 7,428 units in April as against 7,618 units in the year-ago month, down 2.49 percent. Exports stood at 7,853 units last month as compared to 17,531 units in April 2017, a dip of 55.2 percent, Ford India said in a statement.
Ford India President and Managing Director Anurag Mehrotra said, "Increasing inflation trajectory which might weigh on customer's access and cost to credit, coupled with increasing crude prices could lead to passenger vehicle industry growing at low single digits - so far this year."(This story has not been edited by News18 staff and is published from a syndicated news agency feed)