Auto sales go downhill: Will tough times continue?
For the first time in a decade, car sales shrank in the fiscal year 2012-13 hit by high fuel prices and a demand slowdown. Experts Mahantesh Sabarad, senior vice president of equity research at Fortune Equity Brokers; Abdul Majeed, partner at PwC India; Sudhir Rao, MD of SKODA Auto India, and YS Guleria, vice president of sales and marketing at Honda Motorcycle and Scooter India, discuss if this is just a cyclical downturn for the auto industry at a time when the economy is going through a rough patch, or is there something serious at play here, and if there has been demand destruction, which may not be that easy to reverse.
