Amid slowdown, lenders line up offers to turbocharge rural auto sales

Amid slowdown, lenders line up offers to turbocharge rural auto sales

The slowdown in rural demand for automobiles has prompted banks and finance companies to dole out offers for the festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India’s auto industry is saddled with nearly ‘80,000 crore worth of inventory. Tractor sales, which tend to pick up after good crop … Read more