India Reports

India: Automobile - Automotive Sector, Automobile Industry, Ashok Leyland, RBI


The automobile sector seems to be pinning hopes on the interim budget for some respite in the shrinking market. Even as there was a slide in domestic sales, the silver lining was the pick up in auto exports! While some dealers are on the brink of shutting shop, many car companies are raising prices or adding new products! The RBI is working out new norms for vehicle repossession while the PSBs are planning on restructuring loans given to auto component manufacturers!


-Chillibreeze Business Research Team

 

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