India: Gasoline price hike to hit small car sales

The Society of Indian Automobile Manufacturers (SIAM) has expressed deep concern regarding the recent move by the government of India to increase the price of gasoline in the country by a record Rs7.50/litre (US$0.14). In India, consumers of gasoline are primarily the middle-class segment users of two-wheelers, who consume nearly 70%, Subscribe to Automotive World … Continued

• By Webmaster
• May 25, 2012