Ford Doubts Industry Growth Due to Inflation
Indian car industry had witnessed a major growth in the previous year. But this year car manufacturer Ford doubts the growth level because of the inflationary pressures.
Ford, while launching the new variants of Ford Fiesta, was worried about the sale and growth of the car. Everyone associated with the manufacture, design and production of the cars are sure that an increase of almost 10% in the inflation is going to have a great influence on the industry's growth.
Rising inflation has also pushed up the interest rates, delivering disappointment and doubts to car manufacturers. It has also deterred new and used car purchases.
Now what? Will India beat the high growth figure of the last few years?
Labels: Car-Manufacturers, Car-Sales, Ford
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