Ford has launched its compact car named Figo in New Delhi today. Ford wants to compete in the small car segment with Figo as small cars segment in India accounts for over 72 percent.

Figo is priced at approx. 3.5 lakhs for the diesel version and approx. 4.5 lakhs for the petrol version. There are seven exotic colors to choose from. Ford has already started the production in its Chennai plant from February.

It is expected to give a mileage of 15.6 per liter in petrol version and 20 kilometers per liter in diesel version. Ford is in the plan of exporting Figo from India to Asia Pacific and African countries this year.