Buoyed by excise duty cuts that came as part of a larger stimulus package, the automobile sector zoomed past calendar year 2009 after encountering some initial bumps. It is poised to register its best-ever sales in the current financial year since 2006-07.
Exports Fall As Scrappage Schemes In Europe Set To Lapse By Year-End
EXPORTS by Indian small-car producers such as Maruti Suzuki and Hyundai Motor have started shrinking as scrappage schemes in various European markets are set to lapse by the year-end.