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Reserve Bank of India: March 2007 Bulletin »

Interest rate impact on auto suppliers

I wrote earlier about the relatively volatile (and higher) interest rates for automotive loans; Reuters confirms the impact of this in a recent article - Leyland: retail loans slowdown may hurt autos.

  • The commercial vehicles market could see a slowdown in demand in the fiscal year to March 2008 if interest rates firmed further, a senior official at Ashok Leyland Ltd. said.
  • India’s top utility vehicle maker Mahindra & Mahindra Ltd. also said earlier this month rising interest rates were a concern.
  • The pace of growth in annual sales of commercial vehicles, which are subject to cyclical downturns, could slow to 10-15 percent in the fiscal year to March 2008.

This entry was posted on Thursday, March 15th, 2007 at 8:56 am and is filed under economics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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