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Global Automotive Forum

 

RBI a danger to Car market?

Created by : Farah Fathima, Commercial Manager, Leading Auto Co.  | 05 06 2011 04:50:07 +0000
Industry : AutomobileFunctional Area : India(Markets)
Keywords : rbi car market interest rates on car loans
Activity:  398 views;  last activity : 05 25 2011 05:07:27 +0000

Automobile industry is already seeing the downside and now to add to the woes is RBI. The interest rates on car and home loan have increased. Will this mean lower sale? Will people re-consider their decision of buying cars? Will this effect the auto-industry even more hard?

  
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Most of us depend on car loans because the common public doesnot have that much of money to pay it all at once. If the interest rates will increase people will surely think twice before makinga  purchase.
By Farah Fathima, Commercial Manager, Leading Auto Co.  05 06 2011 04:50:07 +0000
 
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RBI has to regulate the money supply so that inflation is controlled. It is the proper policy of RBI that saved Indian economy at the time of global financial crisis. if money circulation is not controlled it will bring about a situation in proper demand and supply thus resulting in more monetary problems.
By Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd  05 25 2011 05:07:27 +0000
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i wish the country makes progress also the same way it increases the prices !!! we need to find some way out
By swarnima kashyap, M.E/M.Tech/MS student, amity institute of nanotecnology  | 05 23 2011 10:33:32 +0000
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ur right farah


By puneet , Manager Admin  | 05 17 2011 11:20:00 +0000
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Farah the sales will drop there is no doubt about this. The drop will be from the growth %.

Future still holds good for cars in India since there are only 7 cars per 1000 population in India as opposed to 966 cars per 1000 population in USA.
By Rathin Deb, Freelance Retail Consultant  | 05 11 2011 05:51:41 +0000
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RBI is trying to control the inflation which is due to supply side problems.It is a supply push inflationary condition that Indian economy is experiencing today.Tight monetary conditions are going to solve the problem, but it may lead to stagnation in growth of sectors like Real state and automobile which depends on easy and cheap credit.
By Danish khan, Business Analyst, cognizant business consultancy  | 05 08 2011 05:13:52 +0000
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Any hike in interest rate and monetary control policy which is taking by RBI came with hike in consumer/personal loan interest rate it could be in Auto ,home etc.i think this will also affect the car loan .we say its that much negative that we should call it danger.
By Devendra Pratap singh, Finance Executive, Devendra pratap singh  | 05 08 2011 04:44:41 +0000
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Of late, the trend is to go for purchase of a car or a flat. Moreover, the RBI is to ensure effective monetary policy by adjusting its' tax on various sector so that, the fluctuation of money value is retained.. By considering the potential buyers in the Car market, RBI ventures to rise the tax in that sector so that, currency value remains powerful for the Indians. The recent hike in pay in all sectors & the easy Bank loans for purchase and exemption from tax, all will help the Buyers.
By KALIYAMOORTHY , Oil & Gas Area Coordinator, Undisclosed  | 05 20 2011 08:29:58 +0000
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RBI is taking such actions for national interest. The overall effect of such actions will be good for us
By Muhammed jabir rifai, Graduate in Mechanical Engineering  | 05 20 2011 05:35:13 +0000
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Well it looks like RBI is denting growth of car industry. As a layman I should support but I am not supporting. For me its like a unbalanced equation. RBI is trying to balance it with whatever resources available unknowingly. Mr. Danish hits the bulls eye. I am not giving him thumps up because he is defending RBI in auto sector & still supporting RBI a danger to car market. I do agree that RBI should not increase interest rate on real state.
By Mani Kant Mishra, SBU/Profit Center Head, FOR CLOSEED GROUP  | 05 09 2011 08:26:05 +0000
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Don't blame RBI please it has too look at growth rate and also clean up the mess created by politicians. Where do you think the money comes for free TV and washing machines gifted to voters when they win elections
By Sarabjeet Singh Johar, BMS student, Mumbai University  | 05 07 2011 17:06:20 +0000
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The four wheeler industry could able to lure the middle class with attractive car loans. The RBI with its new credit policy rang danger bells to automobile industry. Interest rates on Housing loans and car loans will be rising. The dreams of middle class is now going to shatter to some extent.
By Srinivas suravajhala, Asst. Manager.  | 05 06 2011 05:52:06 +0000
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