Ford India announced on Wednesday that it would increase prices of its entire range of products by Rs6,000 to Rs40,000 depending on the model, with effect from 1 January. The upward price revision is due to a steady rise in input costs and exchange rate fluctuations, the company said in a statement.
Ford India is a fully-owned subsidiary of Detroit, US-based Ford Motor Co. Its popular models in India are the sedans Ikon and Fiesta and sports utility vehicle Endeavour, which it makes at its factory near Chennai.
Under the new price chart, the Ford Endeavour 4x2 will cost Rs15.99 lakh, Ford Endeavour 4x4 Rs18.39 lakh; petrol versions of Ford Fiesta 1.6 EXI Rs6.13 lakh, ZXI Rs6.46 lakh, SXI and S versions Rs7.06 lakh each. Diesel variants like Ford Fiesta 1.4EXI would now cost Rs6.99 lakh, ZXI Rs7.45 lakh and SXI Rs8.07 lakh; while Ford Ikon Petrol would cost Rs4.83 lakh and Ford Ikon Diesel Rs5.43 lakh.