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In an attempt to boost credit flow, banks will be given a relief on cash reserve ratio (CRR) a percentage of deposits that a bank has to hold in cash or with RBI on incremental credit sanctioned for the purchase of automobiles and residential housing. The relief would also be available for loans sanction to MSMEs.

RBI Rate Cut To Spur Auto Demand

This move demonstrated the RBI’s confidence in the macroeconomic fundamentals and its proactive approach to supporting...

6 Jun 2025 9:22 PM IST

New Tata Curvv EV To Disrupt the Growing Mid-SUV Market

New Tata Curvv EV To Disrupt the Growing Mid-SUV Market

Pune: Tata Motors on Wednesday introduced its much-awaited fifth all-electric vehicle, the Curvv EV priced between...

7 Aug 2024 8:53 PM IST

The calendar year 2023 clocking a strong record sale of 4.11 million units for the first time in the automobile industry.(Representational DC Image)

Bumper car sales hit 4.11 million last calendar year

Pune: Sales of cars, the optimum health of the economy, in India, rose 8.3 per cent in the calendar year 2023, clocking...

1 Jan 2024 11:06 PM IST

Indias car sales plunge. (PTI)

Car sales rise 23% to record of 37.93 lakh units in 2022

Pune: Car sales jumped by 23 per cent to a record of 37.93 lakh units in the country in 2022 led market leader Maruti...

2 Jan 2023 12:09 AM IST