Most players say the hike will impact the auto industry.
The first industry reactions to the fuel price hikes are pouring in with most automakers expressing shock at the hike. Here are the first reactions.
Hyundai: Price hike is a dampner for customers but that is unlikely to effect the sales of bigger cars.
Maruti: The hike would have negative effect initially but people will start opting for smaller, fuel-efficient cars
Tata Motors: Price hike will impact the auto industry .
Honda Motors: Sales will be impacted but Honda is confident to pull through because of fuel-efficient cars.
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