In the past couple of weeks, the car industry in India has met a fall in the demand. The sag in the demand resulted in a sharp beg off in its sales. As a measure, the Indian auto industry is anticipating nearly 100-150 basis point slash in the loan rates for their automobiles.

 

The car industries intention to slash down the loan rates in the range of 100-150 is to make better their sales in the forthcoming periods. The foremost reasons for the turn down in the sales are the financial crisis and the increased interest rates. It is expected that the Reserve Bank of India may publicize one more rate slash for loans. 

 

The sales of the auto sector are turning down for the past few weeks but the analysts are bullish that the sales will turn up shortly. Moreover, the pick up in the sales is expected to increase in the coming year since the economic situation is growing. The stock agents are very much positive with companies like Hero Honda, Maruti and Bajaj and they are slightly chary with Tata Motors and other car companies.

 

A new fixed deposit proposal is introduced by Tata Motors to increase the financial support from the public. Tata motors are providing 10% interest rate for ordinary persons and 10.5% for senior citizens for one year fixed deposit. Tata Motors are confident to get raging outcome for their fixed deposit scheme since it got good response for its insurance and economic policies.












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