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Indian auto industry demands more cut in rates to boost sales
22-03-2013 | http://www.cartrade.com/car-bike-news/indian-auto-industry-demands-more-cut-in-rates-to-boost-sales-120173.html
The Indian auto sector has given a lukewarm response to the central bank’s move of reducing the rate of short term lending. 
The auto industry, which is currently going through not-so-good times, said that the sector needs a reduction of a minimum of 100 basis points. Confirming this statement, the Deputy Director General of Society of Indian Automobile Manufacturers (SIAM), Sugato Sen was quoted as saying, “The 25 basis point cut is nothing, we need at least 100 basis points reduction.”
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