India Leyland: retail loans slowdown may hurt autos

Newswire

MUMBAI, March 13 (Reuters) - The Indian commercial vehicles market could see a slowdown in demand in the fiscal year to March 2008 if interest rates firmed further, a senior official at Ashok Leyland Ltd. said on Tuesday.

"Demand is good, but one rather concerning development is the slowdown in retail credit," R. Seshasayee, managing director of the No. 2 bus and truck maker, told reporters.

"Money is going to be tight and that can have an impact. At this point, I don't ...

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