Ford Credit India Begins Retail Financing | Introduces Special Interest Rate on EcoSport

Ford Credit India launches its first special financing program. Right in time for the festive season, qualified customers may finance a 2015 Ford EcoSport for an 8.99% annual percentage rate for contracts up to 60 months. Ford India recently launched the New EcoSport with more power, performance, and features starting at Rs. 6,79,563 ex-showroom (Delhi). More than 2,00,000 EcoSports have been sold locally and overseas since the vehicle was introduced in 2013 in India.

Ford Credit began financing new-vehicle inventory for dealers in India in March and added used-vehicle inventory financing a few months later. 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. India being a key market in Ford's Asia Pacific strategy, the company has invested USD 2 billion, nearly half of which is being spent on a new manufacturing facility in Sanand, Gujarat. 

The 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.