Coming Soon : Mustang car in india , ford may launch it by 2016

Ford Motor Co. will introduce its iconic Mustang car in India in less than a year, according to people familiar with the development. Chief executive Mark Fields told the company’s dealers in India about Mustang’s launch during a meeting last week, the people said. They declined to be named. Fields visited India to inaugurate Ford’s second manufacturing facility in the country and met company dealers and component suppliers. Ford plans to showcase the car at the 2016 Delhi Auto Show, which is scheduled to begin in the first week of February, and start selling the products in the country within a “few months”. The Detroit-based car maker is likely to make India a priority market for Mustang’s right-hand drive (RHD) model, which has been developed by the firm ground up

However, the heavy import duties on fully-built models, or complete built units (CBUs) as they are known, will be detrimental to competitive pricing. “While, a lot of details are not yet clear, the general perception is the cars will start selling at a little below the Rs.50-lakh mark,” this person said. “It is clear that India will get sizeable chunk of the RHD models.”

Source : Livemint

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