26 per cent in February the biggest
fall in more than 12 years as high
interest rates, soaring fuel bills and
a general sentiment of gloom and
doom seem to be making consumers stay far far away from showrooms. On We Mean Business, experts, Abdul Majeed; partner at Price Waterhouse; Vikram Kirloskar, vice chairman of Toyota Kirloskar Motor and vice president of SIAM; Nishant Vass, research analyst (auto and auto ancillary) at ICICIDirect.com; HS Goindi,
president of marketing at TVS Motor ltd, and Lowell Paddock, president and MD of General Motors India, take stock of what's gone wrong with India's
automobile market and how much
worse things could get from here.
They also discuss what the implications of this slowdown are
on suppliers, the labour market
and the economy as a whole.
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