Shares of passenger car maker Maruti Suzuki, which contributes over half of the sales of parent firm Suzuki Motors, came closer to the Rs 6,000 mark in trade.
Tag: Auto Finance
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Auto loan repayments facing problems
Demonetisation appears to have hurt India's auto loan repayments badly as borrowers of such loans being the worst-hit, rating agency Fitch said in a report. Small auto loan borrowers have been affected the most.
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Double trouble for auto investors with rise in input prices
Investors in automobile shares already worried about the impact of demonetisation on demand, have more concerns. The rise in prices of metals, synthetic rubber and plastic is expected to weigh on companies' margins which could force auto makers to raise prices when demand is showing signs of moderating.