Decrease in the value of money hits Auto Industry
Recent trend in India is that there is a rapid decrease in the value of money which also affects Automobile sectors.Recent news is that Skoda is planing to increase the price of all its models from Rapid to Superb.All the other Auto giants are also expected to rice its price.
Do you think this can affect AutoIndustries long(success) run in India?
Do you think this can affect AutoIndustries long(success) run in India?
Replies
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Jeffrey ArulrajWell Rupee value adversely affects the trade balance of our country
We have to purchase some equipment from other nations then it is going to cost us more
More cost lesser profit So prices will go high real soon
But If the Rupee manages to oscillate in a short period of time then there will not prolonged damage to any particular sector of our nation -
Sarathkumar Chandrasekaran
Well I meant that this is in the hands of government to make amendments to maintain ruppee value.If not proper steps were taken then We will be soon forced to change our currency to dollar like other countries.ConquerorWell Rupee value adversely affects the trade balance of our country
We have to purchase some equipment from other nations then it is going to cost us more
More cost lesser profit So prices will go high real soon
But If the Rupee manages to oscillate in a short period of time then there will not prolonged damage to any particular sector of our nation -
Jeffrey Arulraj
Well that can't be good to point fingers at the government aloneCSK AUTOWell I meant that this is in the hands of government to make amendments to maintain ruppee value.If not proper steps were taken then We will be soon forced to change our currency to dollar like other countries.
Many factor is responsible including the role of industries and stuff I am not sure whether this can occur in a single day but we have lots to do as engineers to hange this scenario
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