New Delhi, Dec 25 : Chairman of Maruti Suzuki India Ltd. R C Bhargava has said that sales of automobiles have not picked up due to lack of easy loans from Banks.
Talking to reporters during a National Road Safety Mission programme here on Wednesday, Bhargava said, "It''s not about loans being cheap, till the time these loans won''t be available easily, automobile sector will have problems, lot of loan applications are getting cancelled. There are many banks which are not ready to provide loans, to the customers, who want to buy cars."
Auto makers may extend production cuts in the wake of the severity of global financial crisis and slowdown in the coming times. Both commercial and passenger vehicle segments reported decline in the month of November and auto sector growth rate may further decline as per reports. 
Soon we would see a Volvo which would drive on its own and at the same time it would be coming up with the first ever "accident-proof car". The motions would be controlled by the car as it drives through the traffic using radar to control the distance. 
Los Angeles - Days after a burglar broke into the house of Paris Hilton and stole 2 million dollars worth of jewels, the socialite and hotel heiress has consoled herself by splashing out on a radical pink Bentley.
Country’s largest car maker company, Maruti Suzuki India Ltd, has said that it expects to commence the shipping of its A-star small car to Nissan from February-March for sale in Europe.
Six-year old Bajaj family drama is all set for curtains as Rahul Bajaj has acquired 29.2% in Bajaj Hindustan. He would sell 29.6% stakes in Bajaj Hindusthan to his brother Shishir Bajaj, paving the way to transfer full control of the sugar company to his brother. The move would raise Shishir Bajaj's stake in BHL from 2.85% to 32.47%. 
