Tata Nanos Aren't Cheap Enough as Ind...

Tata Nanos Aren't Cheap Enough as India Chooses Motorbikes: Cars

There are 1 comment on the BusinessWeek story from Nov 28, 2011, titled Tata Nanos Aren't Cheap Enough as India Chooses Motorbikes: Cars. In it, BusinessWeek reports that:

India's inflation is producing an unexpected beneficiary. Motorcycle makers are poised for record sales this year as the highest borrowing costs among Asia's major economies push consumers to choose a cheaper ride.

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Toronto, Canada

#1 Dec 1, 2011
... and so, especially for short distances, bikes make more sense." India has the highest borrowing costs in Asia after Pakistan and Vietnam.

The Reserve Bank of India has raised the central bank's repurchase rate by 375 basis points since mid- March ... Comment?


Related Topix: Hatchback, Tata Nano, Motorcycles, Suzuki Motorcycle, Automakers, Tata Motors, World News, India, New Delhi, India, Haryana, India

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