New Delhi, Dec 4 :
New Delhi, Dec 4:
Ford Motor is likely to be one of the bidders to pick up government's stake in Maruti Udyog Ltd.
'We will review opportunities (to pick up stake in other auto ventures) as and when they arise. But it would be too premature to talk of of such a move now. The issue of stake and other things can be thought about only after we take a decision,' said John Fink, vice-president, marketing, sales and services, Ford India Ltd.
Meanwhile, Ford India Ltd (FIL) has announced a 16 per cent rise in sales of its mid-size car Ikon at 3132 units in November and predicted an increase in sales target for the current year.
The company, a joint venture between US-based auto giant Ford Motor Company and Mahindra and Mahindra (M&M), had sold 2,704 units in October, a top company official said.
'We have sold 20,254 Ikon cars during January-November as against the target of 21,000 units. We are on track to exceed the sales target for the current calendar year,' Fink said.
He said the November sales comprised exports of 2020 units of completely knocked down kits (CKDs) to countries outside Asia.
'Since December 1999 (when the Ikon was launched), we have sold 21,931 units of the car,' Fink said. 'We are exceeding our business plan expectations. We have been cash-positive this year and are now cash-neutral,' he said when asked about turnover but declined to quote figures.
'All I can say, we are on track to meet the commitments of the Memorandum of Understanding with the government and the Export Promotion Credit Guarantee (EPCG),' Fink said.
He said the company has done business worth Rs 950 crore in seven years.





