Banks to spoil buyers' dream purchase, to keep car loan interest rates high: Fitch Ratings

Nov 15 2013, 14:53 IST
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Passenger car segment continues to face challenges from the high cost of ownership and slowing economy. (Reuters) Passenger car segment continues to face challenges from the high cost of ownership and slowing economy. (Reuters)
SummaryTepid demand has been evident in festive season, which has so far bucked the trend of increased sales.

term. Sales of two wheelers increased by 18% in September and October 2013. The recent volume growth has been driven by improving rural demand and stronger demand for scooters in urban centres.

The good rains during the year are likely to result in improved agricultural productivity, which will drive growth in rural demand for two wheelers, although sales will likely increase at a slower pace.

(The above statement was released by the rating agency)

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