For consumers looking to bring a Ford vehicle home this festive season, Ford Credit India today announced the launch of retail financing in key dealerships across India.
In the first phase of its rollout, the retail financing is available to customers in 17 cities across India: Delhi, Chandigarh, Dehradun, Ludhiana, Jhansi, Agra, Moradabad, Ahmedabad, Mehsana, Jamnagar, Bangalore, Chennai, Cochin, Hyderabad, Gaya, Dhanbad and Durgapur. More Ford dealerships will follow in the subsequent phases of launch.
Ford Credit India also launched its first special financing program. Just in time for the festive season, qualified customers may finance a 2015 Ford EcoSport for an 8.99 percent annual percentage rate for contracts up to 60 months.
Ford India recently launched the New EcoSport with enhanced power, performance, appeal and features starting at INR 679,563 (ex-showroom Delhi). More than 200,000 EcoSport compact sport-utility vehicles have been delivered locally and overseas since the vehicle was introduced in 2013 in India.
Ford Credit began financing new-vehicle inventory for dealers in India in March and added used-vehicle inventory financing a few months later.
India is a key market in Ford’s Asia Pacific strategy. As part of its overall commitment to India, Ford has invested $2 billion, nearly half of which is being spent on a new manufacturing facility in Sanand, Gujarat. That facility, which opened in March, nearly doubles the company’s installed production capacity to 610,000 engines and 440,000 vehicles a year in India. Ford plans to serve both the domestic and export markets through its enhanced capacity. The company is expanding its sales and service network in India.