Re: Monthly Discounts / Schemes on Indian Cars.
Diesel price hike upsets auto industry
http://www.firstpost.com/economy/diesel-price-hike-upsets-auto-industry-454902.html
Diesel price hike: Carmakers like Maruti Suzuki, M&M & GM India hopeful festival sales will blunt impact
Diesel price hike is lesser of two evils for already struggling carmakers - Economic Times
another member wrote
cause he thought he will get discount's in diesel cars.
i wrote " this won't affect anything" because no one will get any discount.
what you wrote is right and i know every single item will be costlier.
cause he thought he will get discount's in diesel cars.
i wrote " this won't affect anything" because no one will get any discount.
what you wrote is right and i know every single item will be costlier.
http://www.firstpost.com/economy/diesel-price-hike-upsets-auto-industry-454902.html
Automobile Manufacturers (SIAM), told Firstpost “Any increase in diesel prices should have happened slowly. This Rs 5 hike in one go will hurt both, consumers as well as the automobile industry”. He said almost one in two cars now sold in the domestic market run on diesel and lately, sales of some diesel cars have also slowed down – petrol car sales have been down for months.
So all in all, this hefty hike will hurt carmakers quite a bit. Petrol car sales had already begun a slide some months back but now even some diesel cars are finding few takers
Diesel price hike is lesser of two evils for already struggling carmakers - Economic Times
Companies with a predominantly diesel portfolio, like Mahindra & Mahindra (M&M) and Tata Motors, are likely to feel the pinch. M&M, for its part, is better placed as it is largely a producer of utility vehicles - the industry's fastest growing segment currently.
The decision to hike diesel price by 5 per litre hike may initially hurt the consumer and induce market inflation
"P Balendran, VP, General Motors India, said: "In a normal season, there is a growth of 20% during the festive season; this year, it may be between 5% and 10%."
Mahantesh Sabarad, an auto analyst with Fortune Broking, says with the diesel price increase, there may be some deferment in purchases.
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