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Last Updated : Jul 07, 2011 09:13 PM IST | Source: Moneycontrol.com

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.

 
 
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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

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First Published on Jul 7, 2011 01:20 pm