Ford to launch Figo model next month

Ford India, a subsidiary of US based automobile manufacturer Ford Motors is all set to launch its much awaited compact small car Ford Figo in India, next month. Production of the Ford Figo model has been started at company's plant in Maraimalainagar, Chennai after inaugurated by the state Chief Minister M Karunanidhi. Ford India has invested around $500 million in its operations in Chennai. Michael Boneham, MD and President of the Ford India said in a statement given to the media that Ford Figo Model will be launched with a very competitive price tag as the Figo model will be launched in a segment which is already very competitive and accounts for 70% of the all new car sales in the country.