Few Indian Car Manufacturers Showed Poor Sales Growth in July 2011

India is the second fastest auto manufacturing industry after the China in the world. But, it has managed its sales growth with only 1.6 percent in July 2011. Of the many reasons for this poor sales performance, rising of fuel prices and the interest rates on car loans are the major ones. The banks in India have raised the interest rates on car loans by 10 times than 2010. Maruti Suzuki faced a huge production …

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