State Bank of India slashes car loan rates by 75 BPSRush LaneState Bank of India, the largest bank in the country has slashed their auto loan rates by 75 basis points to 11.25%. This move will make other big lenders in the auto finance industry to also review and cut rates so as to keep [...]
All posts tagged India
State Bank of India slashes car loan rates by 75 BPS – Rush Lane
Posted by autofina on May 1, 2012
http://www.autofinancecalculator.biz/state-bank-of-india-slashes-car-loan-rates-by-75-bps-rush-lane/
BMW Increases Investment in India – Wall Street Journal (blog)
INAUTONEWS BMW Increases Investment in IndiaWall Street Journal (blog)By Santanu Choudhury of Dow Jones Newswires New Delhi – BMW AG said Monday it has more than doubled its investment in India in the financial services business to further expand its operations in this growing market for automobiles. The German auto …BMW Group increases investment in [...]
Posted by autofina on April 30, 2012
http://www.autofinancecalculator.biz/bmw-increases-investment-in-india-wall-street-journal-blog/
SBI rate cut may trigger war in car loan segment – Times of India
Moneycontrol.com SBI rate cut may trigger war in car loan segmentTimes of IndiaMUMBAI: The country's largest bank, State Bank of India, has slashed auto loan rates and deposit rates while many others including Kotak Mahindra Bank, Bank of Baroda and Deutsche Bank have cut their benchmark base rates. SBI has reduced its auto loan …SBI [...]
Posted by autofina on April 24, 2012
http://www.autofinancecalculator.biz/sbi-rate-cut-may-trigger-war-in-car-loan-segment-times-of-india/
State Bank of India to cut interest rates on auto, SME loans – Hindu Business Line
Zee News State Bank of India to cut interest rates on auto, SME loansHindu Business LineState Bank of India will be reducing interest rates on vehicle loans in a day or two. “We have already started adjustment of rates on the loan side. Auto loan rates will be cut today or tomorrow,'' Mr A. Krishna [...]
Posted by autofina on April 21, 2012
http://www.autofinancecalculator.biz/state-bank-of-india-to-cut-interest-rates-on-auto-sme-loans-hindu-business-line/
India Car Sales Grow Slowest in Three Years – Wall Street Journal
Firstpost India Car Sales Grow Slowest in Three YearsWall Street JournalBy SANTANU CHOUDHURY And RAKESH SHARMA NEW DELHI — Car sales in India grew at the slowest pace in three years in the last financial year as higher interest rates, increase in fuel prices and a slowing economy crimped demand for automobiles.Recall? What's that? Auto [...]
Posted by autofina on April 12, 2012
http://www.autofinancecalculator.biz/india-car-sales-grow-slowest-in-three-years-wall-street-journal/
India car makers’ March sales grow – MarketWatch
INAUTONEWS India car makers' March sales growMarketWatchSeveral auto makers have recently increased vehicle prices after Finance Minister Pranab Mukherjee on March 16 raised the base excise tax on most Indian-made goods, including automobiles, to 12% from 10%. Sales at Maruti Suzuki India Ltd. gained for a …Rays of recovery – Indian auto majors post highest [...]
Posted by autofina on April 7, 2012
http://www.autofinancecalculator.biz/india-car-makers-march-sales-grow-marketwatch/
Banks to start rate cuts after prod by govt – Times of India
Banks to start rate cuts after prod by govtTimes of IndiaSBI chairman Pratip Chaudhuri told TOI that the bank is expected to reduce lending rates for small and medium enterprises, followed by a possible reduction in auto loans by half-a-percentage point (100 basis points equal one percentage point).and more » Auto Finance Rates India – Google [...]
Posted by autofina on March 19, 2012
http://www.autofinancecalculator.biz/banks-to-start-rate-cuts-after-prod-by-govt-times-of-india/
Time to buy rate sensitive stocks? – MSN India
Time to buy rate sensitive stocks?MSN IndiaThe demand for automobiles heavily depends on interest rates as most purchases are on loans. Automakers have faced a tough operating environment in the current fiscal due to elevated auto finance rates and the hikes in retail diesel and petrol prices.and more » Auto Finance Rates India – Google News
Posted by autofina on March 1, 2012
http://www.autofinancecalculator.biz/time-to-buy-rate-sensitive-stocks-msn-india/
India car sales head for first annual fall in 10 years – Reuters
India car sales head for first annual fall in 10 yearsReutersCar sales, which grew 30 percent in the year ending March 2011, posted their first monthly fall in three years last July as high financing and running costs deterred buyers. "The car industry is too sensitive to interest rates, and we don't see …and more » [...]
Posted by autofina on February 26, 2012
http://www.autofinancecalculator.biz/india-car-sales-head-for-first-annual-fall-in-10-years-reuters/
Is India Loosening Its Bureaucracy? – IndustryWeek
Is India Loosening Its Bureaucracy?IndustryWeek… according to an article in the Irish Finance News. Power, roads and telecommunications will all see increased spending. Krishnan is optimistic and explains that there are pockets of manufacturing excellence in India, such as in the auto sector. … Auto Finance News India – Google News
Posted by autofina on January 19, 2012
http://www.autofinancecalculator.biz/is-india-loosening-its-bureaucracy-industryweek/