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  • Decrease in the value of money hits Auto Industry

    Sarathkumar Chandrasekaran

    Member

    Updated: Oct 23, 2024
    Views: 1.1K
    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?
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Replies

  • Jeffrey Arulraj

    Member • Jul 26, 2013

    Well 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
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  • Sarathkumar Chandrasekaran

    Member • Jul 26, 2013

    Conqueror
    Well 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
    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.
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  • Jeffrey Arulraj

    Member • Jul 27, 2013

    CSK AUTO
    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.
    Well that can't be good to point fingers at the government alone

    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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