 "Rewind 2018: High cost of fuel, finance dent auto sector's fortunes")
After a robust first half, auto companies saw softening of sales from August, primarily due to high fuel prices and cost of finance. Even steep discounts and attractive offers did little to attract buyers. As most companies are expected to increase prices from January, sales may come under further pressure.
The slowing sales had an impact on the Bombay Stock Exchange auto index, which crashed 22 per cent during the year – the worst among all sectoral indices. However, benign raw material prices helped auto firms report a healthy earnings before interest, tax, depreciation and amortisation (Ebitda).
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%