MUMBAI – India’s passenger-vehicle sales increased 16.7% to 138,504 units in October, as new models and heavy discounts offset the country’s severe credit crunch. Utility-vehicle deliveries rose 25.4% to 23,269, also contributing to October’s strong results. The Reserve Bank has so tightened the anti-inflationary screws that real interest rates on auto financing now hover at a 5-year high of 16%. Lack of liquidity in the banking system and fear of defaults in auto and home loans have cut ...
Premium Content (PAID Subscription Required)
"Indian Market Maintains Tempo Via New Launches, Discounts" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.