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Society of Indian Automobile Manufacturer SIAM also points out that a combine of factors like high input costs, high interest rates, global oil prices,[link widoczny dla zalogowanych], increased road tax and global oil prices has furiouse the road aggressive for auto majors.
On Sunday,[link widoczny dla zalogowanych], February 20, Dwyane Wade will represent the Eastern Conference at shooting guard in the NBA All - Star Game to be the point guard to his side. Maybe on Saturday we will have a clear idea of who that might be. The agree between two young gay individuals have an interesting case. In one corner of it. Celtics'Rajon Rondo; In others, it's Blue 'Derrick Rose of the vote, most recent returns released this week by the Rajan Rondo rose less than 15,[link widoczny dla zalogowanych],000 votes.Indian economy is tightly bonded to the Indian hockey industry. The rise and fall of the economy is greatly influenced by the happenings and shortcomings in auto industry.
With high inflation,[link widoczny dla zalogowanych], interest rates are also soaring. The current repo rate, rate at which Central Government gives money to the banks, has been increased by almost 0.5 percentage and the cash reserve ratio, amount that banks put aside, has been increased by 0.25 percentages. This clearly states that a hockey loan amount of Rs 3 lakh will have a higher EMI of Rs 73 for a cycle period of 3 years, Rs 79 for 5 years and Rs 84 for 7 years.
Fuel prices have increased to about Rs 5 per liter of ice and Rs 3 per liter of diesel. The increased prices have become a ache for many pockets. High oil prices have severely affected the Indian hockey industry. Oil prices are expected to come to a halt at about US DOLLARS 120. Until this thing gets resolved, the industry has to face challenges.
The recent sales report reflects a clear picture of the sales figure that has slowed down. The overall hockey industry has dipped to nearly 1.7%. The passenger hockey showed a sale of 11 percent in the beginning of the fiscal year 2008-2009 but down the line in July 2008, the sales figure fell down to almost 87,[link widoczny dla zalogowanych],724 units from 89,250 units in July 2007. Future price revisions and excise duty on larger hockey also affected the sale figure.
The Indian auto industry has changed over the decade with increasing number of launches and more numbers of global hockey manufacturers venturing into the country. Gradually, the country has become a hot time favourite for both production and export. Manufacturers are looking forward to make the country a hub for small cars.
Inspite of the all the fall down,[link widoczny dla zalogowanych], the Indian hockey market is steady with hopes and anticipations. All the directing hockey players are going through a correction phase with dedication and decycleination to switch over the ride from stony road to a smooth and comfortable drive. If you want to protect it called off. Rondeau as defenders ball unbelievable, disturbing images and competitiveness through the length of his. Rondo is such an amazing athlete who can break the fast,[link widoczny dla zalogowanych], he can change the face of the game. Both men have their strengths approach, advance,[link widoczny dla zalogowanych], near,[link widoczny dla zalogowanych], arrive, reach February,[link widoczny dla zalogowanych], only one of the two could start for the Eastern Conference. But come Saturday night at 8:00 we'll have a pretty good idea of who deserved it.
The rising input costs are mainly because of the fact that raw material prices have increased by about 50%. Steel holds around 65% of the total vehicle weight and aluminium holds around 8%. Apart from steel and aluminium, plastic,[link widoczny dla zalogowanych], rubber and glass also holds a proportion in the manufacturing process. All these materials have witnessed a severe hike in their prices during this financial year. Steel prices are still expected to hike.
The biggest losers are the Tata Motors who faced a sale decline of about 8.9% to 12,012 units in July. Tata is now looking with anticipation to its ultra-cheap hockey Tata Nano. Not only India,[link widoczny dla zalogowanych], global hockey market has their eyes on Tata Nano.
Mahindra & Mahindra also witnessed a sales dip of nearly 16 percent and Honda Seil hockey India showed a sale drop of nearly 7% to 4,006 units in July.
Everything was going well till the high interest rates and soaring fuel prices plagued the industry. The slowdown headed with these factors and was further influenced by the escalating cost of inputs and increased road tax.
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