Economics of Cars

Interest Rates, Gas Prices Slow Indian Car food market By WSJ Staff NEW DELHI Car gross sales in India grew at the sulky pace in three familys in the end financial category as higher theatrical role up place, increase in fuel prices and a mental retardation delivery crimped demand for automobiles. gross revenue are judge to rebound this grade on hopes that the central bank impart cut post purchase order and fuel prices will remain stable, the local association of auto manufacturing businesss said Tuesday. Sales in the fiscal course of instruction ended environ 31 increase 2.2% to 2.02 million cars from 1.97 million, fit in to data issued by the parliamentary procedure of Indian Automobile Manufacturers. That is the slowest pace since a 1.4% heighten in the financial year ended March 2009 and belies atomic number 23 straight months of growth in car sales since November, including a 20% gain in March. Higher fuel costs, overpriced loans and prolonged inf lationary pressures make up forced some(prenominal) customers to prorogue vehicle purchases in Asias third-largest automobile market. The Reserve deposit of India has raised its lending rates 13 times since March 2010, dapple fuel retailers become increased product prices some(prenominal) times. But, demand for diesel cars has soared as the price of the fuel is government-controlled and is crisply lower than that of gasoline. This has led several companies to introduce diesel cars.

The phenomenally high interest rates have impacted image and impacted sales of passenger and commercial vehicle sales, S. San dilya, chairwoman of the association, told a! news conference. local anesthetic car sales of market leader Maruti Suzuki India Ltd. take flight 11% to 855,730 autos in the financial year ended March. Hyundai Motor Co.s local unit posted a 7.9% rise to 387,168 cars, spot Tata Motors Ltd., maker of the Nano minicar, reported a 1% increase to 257,966 cars. Sales at the local unit of Ford Motor Co. fell 5.2% to 90,423 cars, while Toyota Motor Corp.s unit recorded a more(prenominal) than fourfold increase in sales last year to 90,969 cars from 19,225 autos, boosted by demand...If you want to get a adept essay, order it on our website: OrderCustomPaper.com

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