Analysis of Petrol and Diesel Prices on Domestic Automobile Sales in India

Abstract

In current economic scenario especially in the automobile sector, the sales of passenger vehicle i.e. commercial vehicle, two wheelers and three wheelers dropped drastically in the month of the August 2019, which shocked the Indian economy in all round. In this paper, undersigned examined the impact of petrol and diesel prices on the sale of automobile sales trends in India and this may have multiplier impact on the Indian market in the coming year. The data set was collect through SIAM from last 17 year i.e. from 2002-2018 using linear and multiple regression analysis. The research indicates that petrol and diesel prices have significant impact on sale of automobile sector.