Trust, there is a rough road ahead, a road with hurdles for the industry. The chairman of Tata Motors, Ratan Tata, has a strong belief that next year will be full of challenges for the Indian car industry. Don’t you also think the same?
The first challenge faced by the industry is the peak height in fuel prices. Car manufacturers are working with head and heart to resolve the issue with innovative technology and advanced engines. This month they have beaten the fuel prices but the increasing steel prices has blocked the road.
Increase in steel prices is definitely going to affect the overall estimated cost of production. None of the car manufacturers will be selling the cars cheaper than the production cost. No idea of how the major car players are planning to overcome this obstacle.
It is also expected that the next year will come with an unprecedented increase in material costs in steel, tyres, rubber, plastic and the like. Far apart, how can we forget the increasing rate of interest?
Couple of increases and hikes is definitely going to accompany the forthcoming year. So, be aware and prepare.
Labels: Car-Industry, Fuel-Prices
4 Comments:
I really wish that the Indian car industry wins all the challenges time and tide offers. The car manufacturers should put down the cost price of the cars for a short period of time so as to comply with the consumer’s demand. The increasing fuel prices have already brought a state of shock for the consumers, so at this stage it is really important to relieve them with something good. Later on, I am sure that Tata Motors and other leading auto majors will come up with superior features to beat all the hurdles and rising obstacles.
I love Tata cars. My first car was Tata Indica and today I have Tata Indigo CS bought recently. If Ratan Tata is exploring opportunities and expanding his vision to see the upcoming hurdles, I am sure he had also made plans and strategies to overcome them. He has brainstorm many ideas and implemented them successfully for the welfare of the industry as well as the country.
This year there has been vaults in the car industry but they are doing best in the market. Even I have planned to buy Tata Indica hope that there is not much of price increase and its really worth to buy Tata's car I feel proud to have one such car and i believe that there's going to be big challenges to be faced by the car industry due to its increase in fuel prices
Rising inflation and slowing consumer’s demand has really created obstacles for the car makers. These car makers have so many storms within them that I am sure they’ll force the government to resolve the issues in a liberal way. Hopefully the road ahead becomes smooth for them.
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