Decline in rural auto sales prompts banks to offer festive season deals

Quick Summary:

However, experts warn that prolonged heavy rains in September could damage crops, potentially affecting rural buying power.

India saw rainfall 16 per cent above normal levels in August, with further rains expected in September, according to the weather department.

The report quoted a spokesperson from Mahindra Finance as saying that the company's offerings will be tailored to regional markets, including underserved areas, with a focus on local needs.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: IndiaMali

Topics: Federation of Automotive Dealers Associations Rural markets Inventory levels 000 crore Entry-level tractors Rural consumer behavior Mahindra Finance Inventory Rs 80 Tractor sales Consumer confidence Extended repayment periods India auto sector Maruti Suzuki Rainfall anomalies Hero Motocorp Two-wheeler market decline Decline in rural demand Used cars Automobiles Rural buying power Complimentary insurance Tata Motors Reduced interest rates FADA Festive season offers Weather impact Rural market Vehicle stock Automotive retail market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 10:24:46 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22418543

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 259 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions