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Fuel price hike may skew motorbike demand A recent increase in fuel prices may see higher demand for cheaper 100 cc motorbikes in India, but tighter credit ...



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Old 11-06-08, 10:50 PM   #1
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Fuel price hike may skew motorbike demand
A recent increase in fuel prices may see higher demand for cheaper 100 cc motorbikes in India, but tighter credit will pose a challenge for manufacturers already battling high costs of raw-materials such as steel. India increased petrol and diesel prices last week by around 10 percent, helping drag the auto share index to its lowest levels in two years.

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