Interest rates deflate bikes on expressway
KOLKATA: Tightening of the monetary policy over the past several months has taken a toll on passenger vehicle and two-wheeler sales growth. Potential buyers appear to be holding back purchase decisions amid concerns over inflation coupled with the steep rise in interest rates. While the two-wheeler segment has witnessed a 6% slide in sales in April 2007 compared to the previous corresponding period, the passenger vehicle segment reported lower-than-expected growth. Automobile makers now expect the lacklustre spell to continue for several months.