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Consumer good manufacturers feel the brunt of slow market conditions

Consumer good manufactures are concerned with the situation in the markets presently. Demand in main categories like FMCG and durables continue to remain steady.

However two wheeler and car purchases have gone down considerably. The growth in car sales has dropped from 14-15% to less that 6% presently. There is flat growth in 2 wheelers as of now.

However, according to Adi Godrej, Group Chairman of Godrej Industries, there are no signs of any slowdown. However customers are definitely moving to lower priced goods to cut costs.

According to market observers, assets like housing and cars show an immediate brunt of tough business conditions.

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Posted by Jigar Gondalia on 11 October, 2008 2:08:23 PM IST #


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