- Indian rupee's sharp rebound against US dollar leads Asia FX gains, rupiah up before central bank meetingUsed car business getting traction in India: JD Power Asia studyUsed car sales in top gear as economy slows down, rupee sputtersUsed car sales in top gear as economy slows down, Indian rupee sputters
themselves too are responsible for the same to some extent as they have raised their prices significantly over the last few years.
Every year in anticipation of the Budget, they raise the prices and every time there is dip in sales, they would raise the prices and the prices stand to high levels as of now.
What measures can help revive the industry?
Auto industry is the barometer of the economy and an overall revival is required. The government’s increase in spending will be important. While the customer is bearing all the brunt — higher interest rates, higher cost of cars, higher fuel prices and even higher taxes and registration charges — he needs to be brought into the market.