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Jagdish Khattar, the CMD of Carnation Auto and Bertrand D'souza, deputy editor of Overdrive, in an interview on CNBC-TV18 spoke about the devastating March quake and tsunami in Japan which is impacting the Indian auto industry.
US Secretary of State Hillary Clinton on Sunday pledged support for Japan, and said its ally was "indispensable to global problem-solving" in a sign Washington wants Tokyo to stay active on the world stage as it battles a nuclear crisis and rebuilds after a deadly earthquake and tsunami.
The Japanese crisis is likely to affect India's auto ancillary space reports The Economic Times. Local ancillary firms import components as well as finished products from Japan to sell in India.
Jim Walker, the MD of Asianomics, in an interview on CNBC-TV18 says European tensions are only likely to escalate henceforth with no relief in sight. Along with the situation in the Middle East North Africa (MENA) region, he also expresses concern over the financial stability and the economic growth of the eurozone.
