Lenders feel the heat of slowing car sales

Auto manufacturers and lenders have so far cited cyclic trends, wherein auto sales tend to slow down ahead of the festival season, typically beginning in the third quarter of every current financial year

By: Livemint

Aug 17 2024
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Lenders feel the heat of slowi

Mumbai: A marked decline in sales growth of passenger vehicles has dampened demand for auto loans, even as inventory has piled up months ahead of the festive season, which usually sees a bump in demand for wheels.
India’s vehicle financiers are feeli... [7059 chars]