» Business » Skoda Auto predicts slow growth this year

Skoda Auto predicts slow growth this year

By BS Reporter
September 06, 2012 12:09 IST
Get Rediff News into your Inbox:

Skoda Auto says growth this year could be slow compared to last year. "We would ideally like the growth to be same compared to last year, but this year it could be little less," said Kamal Basu, marketing head, Skoda Auto India.

According to basu, while cost of finance

is not at all helping the industry, exchange rate volatility is also hurting the auto manufacturers as many parts have to be imported.

Volatility in stock market is also a factor for auto industry likely to under- perform as it results in weak sentiments. Kamal Basu was in Chandigarh on Wednesday to launch a Skoda rapid drive from Chandigarh to Parwanoo.

Get Rediff News delivered into your Inbox.
BS Reporter in New Delhi
Source: source