Ford Credit India Introduces Special Interest Rate on Ford EcoSport
NEW DELHI, India, October 28,
Ford Credit India begins retail vehicle financing for consumers
Special financing program available on 2015 Ford EcoSport at 8.99% per annum
Ford Credit India now financing both dealer inventory and consumer purchases to support Ford growth
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.
“There are new financing channels for customers purchasing a Ford vehicle,” said Mark Constable, managing director of Ford Credit India. “Customers have the convenience of financing facilitated by the dealer, along with the expert service of a company that specializes in Ford financing and builds customer relationships. Our goal is to contribute to the great experience consumers have with Ford vehicles.”
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.
“Globally, Ford Credit has more than 55 years of experience. The addition of retail financing to the dealer financing successfully launched earlier this year enables us to take advantage of this experience to support Ford growth plans,” said Nigel Harris, president and managing director of Ford India. “The new offering for the 2015 EcoSport is just one example of the types of programs that Ford Credit will be able to offer our dealers and customers in the future.”
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.
“Ford Credit is a great partner and helps us meet customer needs globally,” Harris said. “The financing solutions from Ford Credit promote sales and, importantly, help build satisfaction and loyalty with customers.”
About Ford Motor Credit Company
Ford Motor Credit Company is a leading global automotive financial services company. It has provided dealer and customer financing to support the sale of Ford Motor Company products since 1959. This includes client financing through its Lincoln Automotive Financial Services brand in the United States, Canada and China. Ford Credit is a wholly owned subsidiary of Ford.
About Ford in India
Established in 1995, Ford in India manufactures and exports automobiles and engines made at its integrated manufacturing facility in Chennai, Tamil Nadu and Sanand, Gujarat. Ford’s current range of award-winning products in India includes the Ford EcoSport, Ford Figo, Ford Fiesta, Ford Classic, Ford Endeavour and Ford Figo Aspire. Ford Operations in India also include Global Business Services, with offices in Chennai, New Delhi and Coimbatore. Registered as Ford Motor Pvt. Ltd. (FMPL) as a legal entity, Global Business Services provide innovative solutions to nearly every Ford locations around the world in areas of Information Technology, Product Engineering, Finance and Accounting, Automotive Financing, Material, Planning & Logistics, Marketing Sales and Service, Analytics, and Purchasing. Ford currently employs more than 14,000 hard-working, dedicated men and women across its operations in India.
Ford India Communications
Ford Credit India Private Limited has a valid Certificate of Registration dated Dec. 12, 2014, issued by the Reserve Bank of India under Section 45 1A of the Reserve Bank of India Act, 1934. The Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for the discharge of liability by the company. Neither is there any provision in law to keep, nor does the company keep any part of the deposits with the Reserve Bank and, by issuing the Certificate of Registration to the company, the Reserve Bank neither accepts any responsibility nor guarantee for the payment of the deposit amount to any depositor.