Venu Srinivasan, chairman and managing director of TVS Motor expects to see a slowdown post the festive season for the auto industry. The rising fuel costs and soaring interest rates are forcing automakers in India to revisit their ambitious growth plans.
Also the jump in inflation to close to double-digits is likely to put pressure on the Reserve Bank to continue with its policy of monetary tightening. According to Srinivasan, monetary policy cannot be used to counter fiscal profligacy.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
