Economics of Cars

Interest Rates, Gas Prices Slow Indian Car market 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 put on up place, increase in fuel prices and a retardant delivery crimped demand for automobiles. gross revenue are anticipate to rebound this grade on hopes that the central bank testament cut post ordinance and fuel prices will lodge stable, the topical anaesthetic association of auto makers said Tuesday. Sales in the fiscal class ended bump into 31 change magnitude 2.2% to 2.02 million cars from 1.97 million, fit in to data issued by the familiarity of Indian Automobile Manufacturers. That is the slowest pace since a 1.4% break in the financial year ended March 2009 and belies 5 straight months of growth in car sales since November, including a 20% gain in March. Higher fuel costs, valuable loans and prolonged inflationary pressures make up forced some(prenominal) cust omers to prolong vehicle purchases in Asias third-largest automobile market. The Reserve bound 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 astutely lower than that of gasoline. This has led several companies to introduce diesel cars.

The phenomenally high interest rates have impacted vox populi and impacted sales of passenger and commercial vehicle sales, S. Sandilya, chairwoman of the association, told a news con ference. local anesthetic car sales of mark! et 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, eyepatch 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 more 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

If you want to get a full essay, visit our page: write my paper