While majority of automotive markets in the world show a slight increase in sales, China and India in particular has shown growth at Unprecedented pace. Every car company around the globe wants a share in emerging Asian markets by producing special budget models to suit the need and increase overall sales. Following this Pattern, Ford has shown concept sedan based on Figo. The car is displayed at Indian Auto Show as Ford Figo concept. The car looks similar to Ford Ka concept previewed last year. In Brazil, Ford will offer a long wheel-base version of Figo Sedan.
The new concept sedan from Ford measures under four meters to cut the taxes and overall reduce the price. Over a million cars has been sold last year in India and the overall sales are expected to reach two million mark by 2018. Ford has increased market share by the launch of Ecosport and will further try to increase its customer base with Figo Sedan. When launched it is expected to be priced under 10,000 US dollars for the base model. Figo hatchback is already doing well in India which is also going to receive an update soon.
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