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Moneylife » Companies & Sectors » Sector Trends » Auto sales: Exports up,local sales splutter

Auto sales: Exports up,local sales splutter

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Veeresh Malik | 25/08/2011 09:24 PM | 

auto sales

Improved public transport is making more people park their cars at home, while local fuel-efficient small autos are gaining traction globally

The past few weeks have been interesting for the Indian auto industry. On one side, the expected boom in exports of fuel-efficient cars, bikes and commercial vehicles seems to be zooming, if advance information from friends in the shipping and car carrier ship industry is to be believed. However, domestic sales of private vehicles appear to have nosedived—especially in metros—caused by better public transport in some and rising fuel costs and lower resale values in others. Most important, ...


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