’Cleaner’Automobiles-TheFuture Arrives In India Even As Sector In Slowdown

摘要

As car sales suffer their worst period in over a decade,dealers are reporting never-seen-before discounts to get rid of old stock before they welcome the festive season.While this may reflect some panic,the long-term outlook for the industry may not be quite so gloomy.When Nirmala Sitharaman announced correctives to arrest the economic downturn,the auto industry was singled out for attention.Nirmala Sitharaman announced a slew of measures to assuage the bleeding auto sector.Addressing the media in New Delhi,Sitharaman said that the government would make auto loans cheaper and the banks will launch the repo rate or external benchmark linked loan products.