 "Auto sales stay in the fast lane in February, but industry cautious")
Rising fuel prices didn’t put the brakes on the recovery in car sales, but industry executives warned that a continued rise in petrol and diesel prices could impact sentiment soon.
“The rising preference for personal mobility is still driving car sales and we saw that in the monthly sales numbers of February. However, there is likely to be an impact if fuel price continues to rise,” said Naveen Soni, senior vice-president of Toyota Kirloskar Motors (TKM).
India’s largest carmaker, Maruti Suzuki, on Monday reported a 9.9 per cent year-on-year (YoY) growth in domestic wholesale to 147,483 units in
“The rising preference for personal mobility is still driving car sales and we saw that in the monthly sales numbers of February. However, there is likely to be an impact if fuel price continues to rise,” said Naveen Soni, senior vice-president of Toyota Kirloskar Motors (TKM).
India’s largest carmaker, Maruti Suzuki, on Monday reported a 9.9 per cent year-on-year (YoY) growth in domestic wholesale to 147,483 units in
