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India: CMIE cuts forecast for fiscal auto production

The Centre for Monitoring Indian Economy (CMIE) has reduced its automotive production forecast for the current financial year by a percentage point. It now expects output to grow by 9.6%. CMIE attributes this move to a persistent higher interest rate, increase in taxes, and the resultant increase in vehicle prices. "Automobile It’s time to log … Continued

The Centre for Monitoring Indian Economy (CMIE) has reduced its automotive production forecast for the current financial year by a percentage point. It now expects output to grow by 9.6%. CMIE attributes this move to a persistent higher interest rate, increase in taxes, and the resultant increase in vehicle prices.

"Automobile

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https://www.automotiveworld.com/articles/94939-india-cmie-cuts-forecast-for-fiscal-auto-production/

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