The RBI and Central Bank have revised their policy rates and have introduced cuts in their monetary policy review. The IMF has suggested, in it's monetary report that India need to keep it's monetary policy tight keeping in mind the pressures and upside risks. January however showed a remarkable improvement in manufacturing. Food inflation on the other hand, rose from 6.06 % to 6.79%. In particular, rate of vegetables rose by 13.01% ,pulses and products by a stunning 10.61% and fruits by 8.93%. Surprisingly, the rural areas showed a 5.79% inflation compared to the 4.95% of the urban segment. Power generation and consequently, electricity production also showed a comfortable increase. The mining sector has also seen a pleasant 2.8% increase in growth with consumer durables showcasing a growth of 5.3%. Overall consumer goods however faced a dip in sales by 0.5%.
The inflation coupled with increasing oil prices and also, consumption and generation of power will also have an impact on the sales of automobiles in the long run.
Source: Autobei
Automobile Industry Overview Feb 2014:
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