Should India be able to decouple itself from US Subprime Impact?

Friday, October 5, 2007

Govt intervention slowing down demand: Tata Motors

NEW DELHI: Tata Motors, the country's biggest automobile firm by market value, today said the auto industry is going through a difficult year as 'conscious intervention' by the government slowed down demand of vehicles.
"The state of the market is a tough one for the industry, including Tata Motors. When the SIAM data (for September) is officially released you'll notice that the growth is down to single digits," Tata Motors President Passenger Vehicles Rajiv Dube told reporters here.

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