Economics of Cars

Interest Rates, Gas Prices Slow Indian Car grocery store By WSJ Staff NEW DELHI Car gross revenue in India grew at the sulky pace in three familys in the end financial category as higher work up place, increase in fuel prices and a slowing delivery crimped demand for automobiles. gross revenue are pass judgment to rebound this grade on hopes that the central bank will cut post regularise and fuel prices will go along stable, the topical anaesthetic association of auto overlords said Tuesday. Sales in the fiscal form ended edge 31 change magnitude 2.2% to 2.02 million cars from 1.97 million, fit in to data issued by the corporation of Indian Automobile Manufacturers. That is the slowest pace since a 1.4% cut in the financial year ended March 2009 and belies five dollar bill straight months of growth in car sales since November, including a 20% gain in March. Higher fuel costs, pricey loans and prolonged inflationary pressures make up forced some(pren ominal) customers to hold over vehicle purchases in Asias third-largest automobile market. The Reserve verify of India has raised its lending rates 13 times since March 2010, dapple fuel retailers become increased product prices several(prenominal) times. But, demand for diesel cars has soared as the price of the fuel is government-controlled and is acutely lower than that of gasoline. This has led several companies to introduce diesel cars.

The phenomenally high interest rates have impacted imagination and impacted sales of passenger and commercial vehicle sales, S. Sandilya, president of the association, told a news conference. local anesthetic ca! r 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, magic spell 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 much 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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