Fitch Ratings sees the decision hurting many of the newer entrants. In addition to potentially allowing the unaffected players to raise prices, the poor publicity surrounding the spectrum auctions is likely to deter new subscribers until the situation is
Hinduja Group flagship company Ashok Leyland today reported 33.58 per cent jump in total commercial vehicle sales at 10,300 units in January.
The company had sold 7,711 units in the corresponding period of 2011, Ashok Leyland said in a statement.
Major auto makers in the country, including Maruti Suzuki, Hyundai, Tata Motors and Hero MotoCorp, posted an increase in sales during January, indicating buoyancy in the auto market in the new year after prolonged sluggishness.