New Delhi: US car major Ford, which plans to enter the lucrative Indian small car market by 2010, said it was considering both petrol and diesel petrol variants for its to be launched product.
“The small car is on track for launch in 2010. We are looking at petrol and diesel engines and are keeping both options open,” Ford India managing director and president Michael Boneham told reporters.
The company had earlier this year announced a Rs2,000 crore ($500 million) expansion plan to set up a small car production facility and an engine manufacturing unit.
Boneham said the small car has been specifically designed keeping the Indian conditions and demands in mind.
“This will be a completely new car in a completely new segment for us,” he said when asked if the small car would be brought from its Japanese subsidiary Mazda.
The company today launched new variants of its sedan Fiesta with 1.6 petrol and 1.4 turbodiesel engines priced between Rs6.2 lakh and Rs7.15 lakh (ex-showroom Delhi).
Commenting on the recent move by the government to slap excise duty on big cars, Boneham said it was discomforting.
“Action like that is discomforting and government’s policy needs to follow the vision they have set out (for the auto industry through the Automotive Mission Plan 2006-2016),” Boneham said.
He added that there was a need for open and transparent dialogue between the industry and the government.