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Loans affect automobiles sale

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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.

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