Auto industry feels hike won’t affect diesel car sales
fe Bureau: New Delhi, Jan 19 2013, 01:31 IST
Automobile Manufacturers, said that raising diesel prices is a step in the right direction and in line with the industry body’s view that diesel prices need to be deregulated in small doses. “I don’t see an immediate change in vehicle demand. As the price difference between diesel and petrol reduces over time, we may see petrol car demand rise and diesel car demand moderate,” he said.
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