Vehicle makers to post lower profits
New
Delhi,
24
Jan,
2008:
Apart
from
India's
No
1
car
maker,
Maruti
Suzuki,
and
top
motorbike
maker
Hero
Honda
Motors
both
of
whom
have
reported
gains
in
quarterly
net
profits,
most
other
vehicle
makers
are
likely
to
take
a
hit
from
price
discounts.
However analysts say steadier costs for raw materials, hopes of lower interest rates and new launches could help boost demand.
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Story first published: Thursday, January 24, 2008, 15:12 [IST]