As vehicle sales hit brakes, manufacturers seek extended financing

Q: How long will it take to read this news story?

The story "As vehicle sales hit brakes, manufacturers seek extended financing" has 601 words across 27 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "As vehicle sales hit brakes, manufacturers seek extended financing" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 217 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21278467</li><li>URL: https://beamstart.com/news/as-vehicle-sales-hit-brakes-17186049843406</li></ul>

Business Standard Logo Business Standard 1w ago

As vehicle sales hit brakes, manufacturers seek extended financing - Business Standard

Quick Summary:

In May, retail car sales in India dropped by 1 per cent, mirroring the slowdown in wholesale growth.

We are receiving requests, particularly from major car manufacturers like Maruti Suzuki and Hyundai Motor India, to extend the credit cycle from 60 days to 90 days.

These 60-day inventory levels are nearing the 2018-19 levels when inventory days had reached 70 days, leading to the closure of around 282 passenger vehicle dealerships.