Last week, I had blogged aout the growing sales of Merced cars in India.
Sunday New Indian Express reported – in a small report – Ashok Leyland sold 7878 Commercial Vehicles in November ! A mere 53% increase YoY !!!
If vehicle sales drop, or if there is even a minor blip in the IIP, we will see Screaming headlines in Newspaper – not only of the pink variety – and TV anchors of even mainline TV channels would have shouted themselves hoarse. But an important news of a big jump in sales in a sector that is supposed to be facing a slowing market, seems to deserve only mere mention at the bottom of the page ! Strange are the priorities of some people.
Anyway, if we re-look at this piece of news, one thing that comes to mind is that the market seems to have shrugged of the impact of high interest rates, and there is greater demand for transportation !
In a similar vain, another piece of news on Monday quotes an Audi official saying their sales are on course and that they are confident of achieving the target.
This brings me back to what Eli Goldratt said in 2009, some parts of the economy is affected, but it doesn’t mean there is a recession. Lets focus on producing more, selling more and creating more wealth which alone in the the long run will ensure peace and prosperity for every Indian.