Does Ford deserve a premium hatch above Figo?
Ford India must have been
contemplating about this decision for a while now, considering the Figo is not
as well designed or as popular as market leaders i20 and Baleno. This does not
mean in any way that the Figo is not a good product- after all, it was instrumental
for the American manufacturer to regain profits in India. But then, it doesn’t quite
have the zing like the i20 or the Baleno, or does it?
Apparently Ford India is
currently developing a new hatchback model to take on the vehicles from Maruti
and Hyundai. As described by Autocar India, the new vehicle will be made on an
entirely new platform codenamed B563, which will also be used for a new sedan.
Industry leaders need not worry about the positioning of this product, which
will in a premium class above the Figo (no cannibalization). The USP of this
platform will be that it will help the company build cost efficient cars,
indirectly assisting in competitive pricing, as per a Ford spokesperson.
Don’t expect it soon
It will take some time for the
B563-based hatchback to reach Indian shores. Expect the sedan and the hatchback
to be here by 2020. It is clear that the company requires new products to
bolster its miniscule 3% share in the market. Though the B563 has been in the
pipeline for a couple of years, it is good to see that plans are finally taking
shape.
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