Indian market too volatile: VW | autos | Hindustan Times
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Indian market too volatile: VW

autos Updated: Nov 01, 2012 21:54 IST
HT Correspondent

Europe’s largest automotive group Volkswagen on Thursday said uncertain policies are hampering its investment decisions.

“Policy framework is not very stable,” said John Chacko, MD, Volkswagen India.

“The Indian market is highly volatile. Interest rates are high, fuel prices uncertain and growth rate down. Which company will like to invest here now?” Volkswagen take a call on a new factory only by 2015, he said.