World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
In India, Subsidies Upend Car Sales
Keywords:
Tags: Current Focus, Automobiles, India,
Diesel prices are regulated and subsidized by the Indian government, but gasoline prices are deregulated since 2010, resulting in gasoline costing 64% more than diesel in India. As a result buyers are staying away from gasoline cars and shifting to diesel creating distortions in demand. The government is considering a tax on diesel cars and SUV's of between $3000 to $4600 to correct the distortion. Because lower income people woud be hurt by increasing the price of diesel it continues to be subsidized. Because of the uncertainty car manufacturers are shutting down production to reduce growing inventory of gasoline vehicles. High interest rates of 12% on car loans also reduces demand. Suzuki Maruti sales declined 6% in May 2012, Ford and GM showed sales declines of 14% and 20%. The year ending March 2012 shows Indian car sales growing only slightly by 2.2% to 2 million cars. Sales were rising at 29% only about a year ago. Gasoline costs 68 rupees a liter in New Delhi after a 11.5% increase in May 2012, compared to 41 rupees per liter for diesel. The increase in gasoline prices is a result of the government having difficulty paying the rising imports of oil, costing $141 billion for the year ending March 31, 2012. The sharp slowdown in the car industry and the problems in the energy sector have affected India's growth rate.
Car manufacturing in India.
07/08/2010
Automobile manufacturing in India is focussed on the southern city of Chennai in Tamilnadu state.
Grouped Articles
India’s Manufacturing Sector Courts the World, but Pitfalls Remain
New York Times 10/14/2015
A New Detroit Rises in India's South
Wall Street Journal 07/08/2010
Manufactured Goods Lead Surge in Indian Exports
New York Times 07/25/2011
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/2012
China's Export Pain May Be Mexico's Gain
Wall Street Journal 02/06/2012
Car Sales in India Expected To Fall Short of Forecast
Wall Street Journal 02/08/2012
Car buying preferences- India.
07/02/2010
Customer preferences in the automobile market in India.
Grouped Articles
U.S. Car Makers Are Missing in India
Wall Street Journal 05/10/2013
Makers Pack New Cars With Technology, but Younger Buyers Shrug
New York Times 01/26/2014
Finding Utility in Indian Autos
Wall Street Journal 07/22/2014
Foreign Car Makers' Uphill Climb in India
Wall Street Journal 07/02/2010
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/2012
Car Makers in India Begin Raising Prices
Wall Street Journal 03/19/2012
Roads, traffic and cars in India as the number of cars hits new highs
12/09/2010
Grouped Articles
Driving in India: Cars, Corruption, Collisions
BusinessWeek 12/09/2010
India's Prime Minister Shifts Cabinet
Wall Street Journal 01/20/2011
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/2012
Car Sales in India Expected To Fall Short of Forecast
Wall Street Journal 02/08/2012
Car Makers in India Begin Raising Prices
Wall Street Journal 03/19/2012
India's oil and gas industry
06/17/2011
Grouped Articles
Indian energy: A price worth paying
Economist 07/08/2013
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
Indian Firm to Pay $2.64 Billion To Build Its Stake in African Gas Project
New York Times 08/26/2013
Grinding Energy Shortage Takes Toll on India's Growth
Wall Street Journal 07/02/2012
Oil-Thirsty China a Winner in Iran Deal
Wall Street Journal 07/15/2015
Wall Street Journal 06/17/2011
India's economy in 2010-2015
06/25/2010
Grouped Articles
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Indian Markets Battered by Signs of End to Easy Money
Wall Street Journal 08/17/2013
India Tackles Fear of a Market Crisis
Wall Street Journal 08/19/2013
A Summer of Troubles Saps Indiaâs Sense of Confidence
New York Times 08/18/2013
Mom-and-Pop Investors Bolt Emerging Markets
Wall Street Journal 08/22/2013
How Emerging Markets Can Get Their Mojo Back
Wall Street Journal 09/12/2013
Slowing economic growth in India 2011-2014
03/30/2011
Grouped Articles
Angry young Indians: What a waste
Economist 05/16/2013
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Economist 06/27/2013
Indian Markets Battered by Signs of End to Easy Money
Wall Street Journal 08/17/2013
India Tackles Fear of a Market Crisis
Wall Street Journal 08/19/2013
A Summer of Troubles Saps Indiaâs Sense of Confidence
New York Times 08/18/2013
India's car market 2010-2014
07/02/2010
Automobile sales growth in India.
Grouped Articles
U.S. Car Makers Are Missing in India
Wall Street Journal 05/10/2013
Finding Utility in Indian Autos
Wall Street Journal 07/22/2014
Foreign Car Makers' Uphill Climb in India
Wall Street Journal 07/02/2010
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/2012
Car Sales in India Expected To Fall Short of Forecast
Wall Street Journal 02/08/2012
India to Overtake Japan in Car Sales
Wall Street Journal 03/15/2012
Pricing in India's car market
03/19/2012
Grouped Articles
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/2012
Car Makers in India Begin Raising Prices
Wall Street Journal 03/19/2012
India's oil and natural gas imports 2010-2015
02/21/2010
Growing imports of oil and natural gas in India in 2012-2013. Disappointing production of oil and natural gas from the Reliance offshore exploration in the Krishna-Godavari Basin. The need for increased exploration and a change in government policy. This comes at a time when India faces severe shortages of energy supplies including coal for electricity and power development.
Grouped Articles
Rupee Recovers From Tuesday's Record Low
Wall Street Journal 06/12/2013
Indian energy: A price worth paying
Economist 07/08/2013
IDFC Chief Says Power is 'the Next Telecom'
Wall Street Journal 02/21/2010
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
Indian Firm to Pay $2.64 Billion To Build Its Stake in African Gas Project
New York Times 08/26/2013
India Starts Nuclear Reactor After Lengthy Delays
Wall Street Journal 10/23/2013
Oil Demand and Supplies 2010-2035- long range projections for the U.S., China, India, the EU, and Japan
04/11/2012
Grouped Articles
Rupee Throws Oil on India's Subsidy Problem
Wall Street Journal 08/21/2013
Senators Pass Mexico Oil Plan as Snag Arises
Wall Street Journal 12/12/2013
India Grapples With Soaring Energy Costs
Wall Street Journal 04/11/2012
China Has Big Eyes, Little Stomach for Oil
Wall Street Journal 08/27/2015
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/2012
As U.S. Leaves, Oil-Hungry China Stuck in Middle East
Wall Street Journal 06/27/2012
India's central bank, the RBI and policies to control inflation and achieve other economic goals.
03/19/2006
Policies and actions of India's central bank, The Reserve Bank of India (RBI).
Grouped Articles
How Duvvuri Subbarao Is Steering India's Economy
BusinessWeek 05/13/2010
Delhi Taps IMF Veteran to Run Central Bank
Wall Street Journal 08/07/2013
India's Central Bank Surprises Markets With Rate Increase
Wall Street Journal 09/21/2013
India's Central Banker Lobbies Fed
Wall Street Journal 10/13/2013
Taping Up India's Broken House
Wall Street Journal 10/30/2013
Balancing Act for Indiaâs Top Banker
New York Times 11/07/2013
Winning the vote of the average farmer, the poor farmer in debt, the extremely poor in rural areas, and delivering on programs and economic growth in India.
02/17/2008
The task of building an organization behind competent and good government, and having programs to help the farmers in rural areas, the extremely poor, and farmers in debt, all work to build credibility and votes in India. This position has been taken by the Congress leaders prime minister Manmohan Singh, Sonia Gandhi, and Rahul Gandhi. Years of patient effort at the grassroots and for development if continued could payoff for the current leaders and for India.
Grouped Articles
Angry young Indians: What a waste
Economist 05/16/2013
Party Leader in India Becomes Ill After Speech
New York Times 08/26/2013
India's Lower House Passes Food Bill to Help Poor
Wall Street Journal 08/26/2013
India's Main Opposition Party Names Candidate for Prime Minister
Wall Street Journal 09/13/2013
Campaign for Prime Minister in India Gets Off to Violent Start
New York Times 09/17/2013
Six Killed in Explosions Ahead of India Campaign Rally
Wall Street Journal 10/28/2013
Declining sales of gasoline model cars in India, higher rates on car loans, and a severe slowdown in the automobile market
05/07/2012
Linked Articles
In India, Subsidies Upend Car Sales
Wall Street Journal 07/02/2012
Maruti Suzuki Plans Replacement for Alto Compact Car
Wall Street Journal 05/07/2012
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us