Will Overseas Sales Help Ford Motor Company (NYSE:F)?
Emerging markets like India and China are proving to be a boon for those in the technology and automobile business. The very fact that their population is so massive, make the markets a lucrative proposition. Another fact is that though India is considered to be a third world country, a large segment of the population is affluent. Given the size of the population, even that percentage amounts to a large chunk and makes the market ripe for the picking. And Ford Motor Company (NYSE:F) is one company that has found this to be true.
It has leveraged the potential of this vast market to its advantage and is doing booming business in India. There was a 50.95% rise in total Ford Motor Company (NYSE:F) India, in September and 14,217 units were sold in the last month. EcoSport, one of the latest models is a hot seller despite the fact that it was launched in September and it has already sold 9,418 units. The domestic sales were boosted by 36.51% and the company exported 3,577 units in the month of August.
In the same period a year ago it had exported only 1,624 units. Ford Motor Company (NYSE:F) is leaving no stone unturned when it comes to optimizing the deliveries of vehicles and reducing the waiting time for customers.
In Tuesday’s trading, Ford Motor Company (NYSE:F) rose by 1.90%. The shares opened at a price of $16.93, climbed to an intraday high of $17.34 and dipped to a close of $17.19. Approximately 41.81 million shares were traded on Tuesday while an average volume of 36.97 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $9.71 and its 52-week high is $17.77. Ford Motor Company (NYSE:F) has a market capitalization of $68.94 billion.