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Loans affect automobiles sale

Loans affect automobiles sale

Chairman of leading carmakers Maruti Suzuki India Ltd. R C Bhargava, on Wednesday said that sales of automobiles have not picked up due to lack of easy loans from Banks. Car sales in India dropped by nearly a fifth in November, the worst fall in eight years, intensifying the woes of global auto makers who had bet emerging markets would make up for waning demand in developed markets.

Last Updated: Dec 25 2008 | 12:00 AM IST
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Chairman of leading carmakers Maruti Suzuki India Ltd. R C Bhargava, on Wednesday said that sales of automobiles have not picked up due to lack of easy loans from Banks. Car sales in India dropped by nearly a fifth in November, the worst fall in eight years, intensifying the woes of global auto makers who had bet emerging markets would make up for waning demand in developed markets.

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