Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Indian autos about to slow

Overview

The passenger car industry faces headwinds in 2010 as the Reserve Bank of India raises interest rates and the effects of the powerful fiscal stimulus that included bonus payments to government employees and a cut in excise taxes wear off. But we believe the dip in sales largely represents a return to a more sustainable rate of expansion; the industry’s attractive long-term secular growth trajectory remains...

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