Interest rate hikes have not yet impacted car demand: Maruti Suzuki's Shashank Srivastava

"Theoretically speaking, it should have a negative impact because interest rates going up (have an impact on) discretionary spending, which also includes spending on cars...but at the moment that we are not feeling that," Maruti Suzuki's Shashank Srivastava said in an interaction. He was responding to a query on whether the interest rate hike has impacted demand for cars.

from Auto-Industry-Economic Times https://ift.tt/8Cuz3rp