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Slowing sales, high costs to weigh on auto cos Q1 earnings

Rising fuel prices and costlier loans due to consistent monetary tightening by Reserve Bank of India has put the brakes on vehicle sales. That coupled with high cost of raw materials will put pressure on passenger vehicle and commercial vehicle makers’ revenues and profits in the April-June quarter.

July 07, 2011 / 09:13 PM IST
 
 
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Nachiket Kelkar
Moneycontrol.com

Rising fuel prices and costlier loans due to consistent monetary tightening by Reserve Bank of India has put the brakes on vehicle sales. That coupled with high cost of raw materials will put pressure on passenger vehicle and commercial vehicle makers