Automobile Wheels Procurement Category Market Research Report Now Available From Ibisworld

Sensex ends flat; automobile, capital goods down

Buyers can also arrange for this price to include installation, which usually costs an additional fee. Additional areas for buyers to negotiate include bulk pricing and discounts on related products such as tires and brake pads, says Winters. Entering into a long-term contract with a supplier is rare as price spikes are infrequent and wheels are largely commoditized, with standardized designs available from an abundance of sources. The prices of raw materials such as aluminum and steel have been volatile in the three years since 2010, however rapid post recession economic growth has boosted demand and reduced volatility in the price of automobile wheels. This is a benefit for buyers, as it indicates that wheel prices are not subject to price spikes despite fluctuating input prices. Furthermore, a decreasing unemployment rate and increased consumer confidence are projected to contribute to stable prices in the long term, as prices are expected to increase into 2016. <br>For the original version including any supplementary images or video, visit

The data will decide the course of the Reserve Bank of India's policy review April 1. The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 21,793.32 points, closed at 21,856.22 points, up 29.80 points or 0.14 % from its previous day's close at 21,826.42 points. The Sensex touched a high of 21,965.95 points and a low of 21,768.14 points intra-day. The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed trade at five points or 0.08 % down at 6,516.90 points. Heavy selling pressure was observed in automobile, capital goods, oil and gas, bank and metal index, while buying support was seen in healthcare, fast moving consumer goods (FMCG), consumer durables and information technology (IT) indices. The S&P BSE automobile index was down 83.36 points, followed by capital goods index, which was lower by 83.31 points, oil and gas index was lower by 66.26 points, bank index plummetd by 32.12 points and metal index, down 18.39 points. <br>For the original version including any supplementary images or video, visit

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