Despite govt's fuel price cut, Ford's sales likely to take a hit in India

Ford India is concerned that owing to untoward market conditions, the actual growth might be lower by 0.5-1 per cent

With petrol prices still poised to hover at more than Rs 80 a litre despite the Centre’s announcement of a price cut, Ford India, the Indian unit of US-based vehicle major, Ford Motor Company, is concerned that its sales might get hit.

In turn with the industry, Ford India has been anticipating a 7-8 per cent growth in the current fiscal year, but Shripad Bhat, country director of government affairs at Ford India is wary that owing to untoward market conditions, the actual growth might be lower by 0.5-1 per cent.

“The way petrol and diesel prices and interest rates