Auto-manufacturer thank the RBI

While this is certainly considered as the best period for the numerous auto makers selling their offerings in the domestic market of country. This time is the initiate the festive period in the country, whereas the festivities start welcoming the most auspicious time of the year. And this time of the year is considered the best and most of the car purchases in India are done during this season, keeping in mind festivals like Diwali and Dhanteras. So this time around, the RBI has cut down its rates, giving a gift to the several manufacturers, who would be able to able to easily churn out a good 15-20 percent growth and hike in sales during this propitious festive season. Due to this reduction in the RBI rate, the automakers would certainly attain a growth in sale and secure a better churn.

On a total around 64 percent of the cars bought in our country are financed, so a reduce in the interest rates would definitely capture more customers, as the cost of buying a car would be reduced.The giants in the automotive industry like Hyundai and Maruti are all happy and optimistic about this change attracting a lot more buyers’ during the festive occasions in the country.There is another section of automobile companies, who feel that is would have been better if the rates could be cut done, more. They were looking upon a larger margin, especially in the entry-level segment of the country, the average Indian customer still plans to buy a an entry level car on easy finance options, so if this section could be given an extra cut, the sale would have been enormous. And of  course to the customers who are looking to exchange their current cars, buy a new car, all of this and much more would have contribute to a much higher sales volume in the country