Profit

Costlier fuel may dampen auto sales

PUBLISHED ON: June 4, 2008 | Duration: 1 min, 55 sec

  
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Just a couple of days after the auto industry reveled in the news of a strong upturn in slumped sales comes another downer for the sector. As the fuel price hike comes into effect across the country it is a worried auto industry that is bracing for the impact. Most auto makers expect a short term dip in sales but in the long term they also see a move towards more fuel efficient vehicles.
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