NEW DELHI (Reuters) - Ford Motor Co F.N will launch production of its Figo small car in India in early 2010, it said in a statement on Wednesday.
The car was showcased at a news conference in the Indian capital.
Ford has invested $500 million at a plant in southern Indian city of Chennai and has said the plant was gearing up for production of a small car.
India’s domestic auto market is relatively small, especially considering a population of more than 1.1 billion, with about 1.5 million passenger vehicles being sold last year and small cars account of nearly two-thirds of annual unit sales.
Reporting by Devidutta Tripathy
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