Fuel price hike may skew India motorbike demand

Newswire

By Rina Chandran and Aniruddha Basu

MUMBAI, June 11 (Reuters) - A recent increase in fuel prices may see higher demand for cheaper 100 cc motorbikes in India, but tighter credit will pose a challenge for manufacturers already battling high costs of raw-materials such as steel.

India increased petrol and diesel prices last week by around 10 percent, helping drag the auto share index to its lowest levels in two years.

Indian two-wheeler vehicle makers, led by Hero ...

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