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Growth in vehicle sales has been hit as several

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发表于 2019-3-15 16:59:23 | 显示全部楼层 |阅读模式
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While the local units of Suzuki Motor Corp. Hyundai Motor Co. and posted marginal gains in passenger vehicle sales in May, Tata Motors Ltd. posted a decline in sales as high inflation Anthony Martial Jersey UK , rising loan rates and price increases hurt demand.

Growth in vehicle sales has been hit as several companies raised prices in January and April to offset higher raw material costs. A series of interest rate increases by the central bank to control rising inflation also prompted potential customers to defer purchases. The Reserve Bank of India raised its lending rate by 2.5 percentage points in nine moves since March 2010.

Automobile sales in India grew at a record 27% in the financial year ended March 31 to 15.51 million units but the industry expects the pace this year to be around 12%-15% due to the higher sales base.
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