Tuesday, March 4, 2008

'The introduction of a car priced at $2,500 later this year will certainly boost sales volumes'

Aam aadmi to ride the auto sector

Chennai, March 3 Excise reduction, combined with a more liberal credit availability should see, over the next few quarters, a reversal of the recent slowdown in demand, says Mr Kapil Arora, Partner – Automotive sector, Ernst & Young. He even sees an eventual return to positive growth and profitability, as price concessions are passed on to customers.

“For now, the aam aadmi must be smiling,” he observes, in an e-mail exchange with Business Line hours after the presentation of this year’s Budget.

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