High finance cost subdues May’s automobile sales

Sridhar V., Partner with Grant Thornton India said slowdown across the industry has impacted passenger car sales coupled with the impasse due to election, stress on financing and high base numbers. Slowdown across the industry has impacted passenger car sales coupled with the impasse due to election (Representational Image) New Delhi/Mumbai:┬áBase effect, along with high finance cost and liquidity constraints continued to subdue automobile sales in May. According to experts, subdued consumer sentiment and the just concluded general election also had a major part in sales slowdown. On Saturday, automobile…

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