Auto sales to pick up from the second half of 2014: Dun & Bradstreet

The 2013 is not a good luck for auto industry because from over the year sales market has been down. Every manufacturer was trying to delivered latest and high performance vehicles but not effected to market. Market expert it says, it happen due uncertainty down of rupees price and many time changes in price of diesel, petrol and CNG.

According to report of Global research firm Dun & Bradsreet, “The worst may be over for Indian’s struggling auto sector, which is expected to improvement from the mid of the next year with an expected to changes in Interest rates and deferred purchases materializing into better sales.”

D&B said in a note,” We not expected to immediate turn to auto industry due many factor like uncertainty of increasing fuel price and interest rates, etc. We expect the deferred purchases to get converted into actual sales, mainly after the initial two quarters of the New Year, owing to pick up in industrial activity and increase in infrastructure spending.”

This year top manufacturer Maruti, Mahindra and Honda is also affected to weakness of economics and business sentiment. Growth in domestic automobile sales slackened to 1.2 per cent in 2013 (January-November), compared to growth of 6.2 per cent during 2012 and 14 per cent in 2011. For the passenger car vehicles, it anticipates a decline in diesel cars, due to the higher pricing of such cars.