|
New Delhi, Nov 10: corresponding month last year, the biggest dip in almost eight years. “Whatever steps that were taken up by the government and RBI to ease liquidity crunch are not sufficient. They have been used up to correct existing problems in the system and it had not trickled down to the auto industry," Chenoy added.
According to the data compiled by Siam, the rural India is fast growing in terms of vehicle purchase. While 68% of the total passenger cars sold in the country in 2003-04 were in the big 22 cities, their contribution has come down to 54% in 2007-08, indicating that there is greater penetration at the rural and semi-urban areas....
More from Front Page
| Single Page Format | Previous - 1 - 2 |
Discuss this story on expressindia forums
|
|
 |
 |
 |
About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy© 2009: The Indian Express Limited. All rights reserved throughout the world
