Ford India will increase the price of its entry-level sedan Ikon by up to 1.5% from April as it looks to offset rising component import bills due to rupee depreciation. The price hike would be restricted only to the Ikon as other models have already seen an increase.
“There will be an increase in the prices of Ikon by up to 1.5% from the price we announced last November while launching a new version of the car,” Ford India Executive Director (Marketing, Sales and Service) Nigel Wark said.
[note]Ford had introduced the new version of the Ikon last November priced at Rs 5.19 lakh (ex-showroom Delhi) for the diesel variant and Rs 4.59 lakh for the petrol variant.[/note]
With the demand of the petrol version slowly picking up, Ford India will be increasing its production of petrol versions of both Ikon and mid-end sedan Fiesta.