AFTER a splendid run for most of last fiscal and in April, passenger car sales are decelerating as consumers apprehend a hike in petrol and diesel prices. With crude oil price hitting a record $133 per barrel and a fuel price hike looking imminent, Indian customers are postponing their car purchases. The biggest hit is the price-sensitive small-car segment, which accounts for 75% of the total sales.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/mayday-crude-blow-car-sales
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/economic-times-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrol
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/automobiles
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mahindra-mahindra
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/maruti-udyog
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india