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Loan dry-up, costs will hit CV firms more
Mumbai: The recent petrol and diesel price hikes is seen putting a strain on the demand side for automobile sector in the near term, but the bigger concern in the long term are issues such as credit crunch and input cost pressures, analysts feel. Last week, the government hiked petrol and diesel prices by 10% to partially offset the huge losses upstream oil companies are facing on account of spiralling
Mumbai: The recent petrol and diesel price hikes is seen putting a strain on the demand side for automobile sector in the near term, but the bigger concern in the long term are issues such as credit crunch and input cost pressures, analysts feel. Last week, the government hiked petrol and diesel prices by 10% to partially offset the huge losses upstream oil companies are facing on account of spiralling
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