How a shadow banking crisis sent India's autos sector into a tailspin

World News: . []

How a shadow banking crisis sent India's autos sector into a tailspinSudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning - not a single customer was in sight. 'There used to be close to 15-20 bookings each day, but now we're down to 3-5 on good days,' said Gharpure, the general manager at the dealership. Across India dealerships are being pushed out of business and the Indian auto sector is going through its biggest slump in nearly two decades.


Read More: LINK 

Published: .

Search for other references to "shadow" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us