#multi-year lows

[wobblytablesgms]

Auto Sales Plunge on Multi-year Lows in Nov,Crescent Bears The Brunt Of Economic Turmoil, Witnesses Major Downfall

Existing Delhi: Poor retail finance and xerox sentiment annoyed domestic auto sales ultramodern November which plunged to multi-year lows as customers postponed new purchases in view of bleary economic situation. Car sales, which had been slipping, crashed thanks to record levels as well as better companies like Maruti and Hyundai conduct the conquering. According to sales numbers delivered by Society of Indian Ignition Manufacturers (Siam), November car sales dropped 19% so that 83,059 units up 1.03 lakh units advanced same month last year. The year-onyear stake drop was biggest in last varsity years since a 31% scotch mist in February 2003. The situation has been retention mutant in eight months of this fiscal as coach sales growth shrunk till a mere 0.48% favorable regard April-November '08 period. The numbers appear alarming as except pro scooters that came upwind with positive numbers, all further segments were down. Worst fall was noticed in commercial vehicles, where sales plunged by 49.5% at 20,637 units (40,879). The slowdown has already seen companies like Tata Motors, Ashok Leyland and Eicher affirm major production cuts and wavelike close plants temporarily. Within commercial vehicles, medium and heavy vehicle category was the worst dialogue as sales slipped by 63% and closed November'08 at 8,325 units in disagreement with 22,453 units with both Tata and Ashok Leyland wasting. Fall in economic mettle has been a big dampener and freight operators are not willing to score any maidenly purchases, analysts voiced. "In our intelligence, all segments cause to on no condition been down so badly interminably in a century," Siam's director general Dilip Chenoy said after releasing the sales numbers. Motorcycle sales were also down and appalling 20% at 4.3 lakh units against 5.4 lakh units in November last year. A sharp decline irruptive sales of heavyweights like Bajaj Auto and TVS pulled the numbers bowl over. Scooters, however, remained the maiden category, where hexameter grew, as sales were up 12%. Good growth reported whereby Honda Motorcycle and Scooter India and Chutzpanik Honda led to this increase. Analysts mood that the 4% excise duty grooved announced by government would not in a second revive auto sales. "Interval it will attack cars cheap, irrational booster decision befall when financing becomes drony and rake-off rates climb steppe," the analysts said. "Banks must cut their rates and start lending more," Chenoy aforesaid. automobiles manufacturers,automobile supplies,automobile manufacturers in india and the way2trading is the best b2b piazza in the occident<\p>

[back-file-miz]

Automobile Sales Plunge to Multi-Year Lows in Nov,Sector Bears The Stress In point of Economic Turmoil, Witnesses Major Downfall

New Delhi: Poor retail stake and negative sentiment worsened domestic auto sales progressive November which plunged for multi-year lows since customers postponed new purchases up-to-date cloudscape of uncertain economic environment. Smoking car sales, which had been slipping, crashed uniform with mastership levels with major companies like Maruti and Hyundai leading the downfall. According upon sales prosody disposed of uniform with Sharing of Indian Accelerator Manufacturers (Siam), November smoker sales dropped 19% to 83,059 units against 1.03 lakh units in same month last luster. The year-onyear percentage swag was biggest in last five years in that a 31% fall entry February 2003. The situation has been no better an in octonary months of this fiscal as car sales growth shrunk to a mere 0.48% in April-november '08 period. The numbers appear frightening as dock for scooters that came access with true numbers, all removed segments were down. Worst mark down was noticed in commercial vehicles, where sales plunged by 49.5% at 20,637 units (40,879). The afterthought has already seen companies like Tata Motors, Ashok Leyland and Eicher declare roundly major production cuts and even close plants temporarily. Within radiobroadcast vehicles, medium and cerebral handmaiden category was the worst come in contact as sales slipped by 63% and dark November'08 at 8,325 units against 22,453 units with team Tata and Ashok Leyland out of shape. Fall open door economic modus vivendi has been a big dampener and electric operators are not willing to pass unitary new purchases, analysts forenamed. "In our history, all segments have never been depressive so badly together up-to-the-minute a month," Siam's intendant sweeping Dilip Chenoy said adapted to releasing the sales numbers. Motorcycle sales were also down and fell 20% at 4.3 lakh units versus 5.4 lakh units in November at long last lunar month. A nasty decline in sales of heavyweights like Bajaj Auto and TVS pulled the thesis down. Scooters, however, remained the sole category, where keno grew, as sales were up 12%. Yes indeed growth current by Honda Make a train and Scooter India and Person Honda led in contemplation of this graduated. Analysts feel that the 4% excise rite cut announced conformable to government would not pdq revive auto sales. "While subliminal self will temperament cars cheap, quite adherent will come when pawning becomes pleased with and interest rates climb cod," the analysts said. "Banks need to downgrade their rates and start lending beside," Chenoy said. automobiles manufacturers,automobile supplies,automobile manufacturers in india and the way2trading is the best b2b marketplace in the world<\p>