Automakers see brighter side in move to hike diesel prices

Jan 17 2013, 21:51 IST
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SummaryAutomakers said the government decision to allow "small" hikes in diesel prices was a step in the right direction although it could have some impact on sales.

government's move, Mahindra & Mahindra Chairman Anand Mahindra tweeted: "If the minister's statement regarding oil companies' flexibility to tweak diesel prices is the first step to price decontrol, then it's a bold and overdue step."

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