Automobile, durable cos fear erosion in growth

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Automobile, durable cos fear erosion in growth [1]

Pankaj Doval & Rupali Mukherjee | TNN

New Delhi: Auto and consumer durables industries are fearing a slowdown as interest rates are expected to rise after RBI's decision to hike CRR and repo rate.
Sales may go down as customers would not be much inclined to enter showrooms with auto loans rates are going up, say car makers. "This will put further pressure on growth, as the market sentiment is already down,' says Arvind Saxena, Senior V-P at Hyundai India.

Publication Date:

30/07/2008

Source: Times Of India (New Delhi) [2]

Tags:

Automobiles [3], Auto Industry [4], Hyundai Motors India [5], India [6]

Source URL: http://admin.indiaenvironmentportal.org.in/news/automobile-durable-cos-fear-erosion-growth

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/automobile-durable-cos-fear-erosion-growth
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/times-india-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/automobiles
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-industry
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hyundai-motors-india
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india