Losing competition to diesel powered cars, petrol cars are finding it difficult to find buyers in India. Car manufacturers are in a jinx as the rise in fuel prices have immensely affected the sales of petrol powered variants. In order to increase sales, car manufacturers are wooing customers by offering lower interest rates on petrol variants. According to current auto loan rates, a customer has to... 

RBI has now announced that short-term lending and borrowing rates are to be hiked by 0.25% and 0.50%. The increase is necessary to arrest the possibility of large scale inflationary financial trends. Finance bigwigs feel it's a great move, but industrywallas think otherwise. The finance drama is yet to unfold. Current changes border around the repo being at 5.75% and short-term borrowing reverse repo... 

So, finally we can say there was a lot of truth in the rumors that did the rounds early this year. Come budget declarations and most were expecting auto and home loan rates to increase simply because it's what makes financial sense. Keeping this in mind, most Indian auto manufacturers' gave potential customers the opportunity to buy cars at cheaper rates in the initial period of 2010. So if it's a...