Auto expert Jagdish Khattar, Chairman and Managing Director of Carnation Auto says that inflation is unlikely to affect the purchasing power of consumers in the auto sector.
Khattar says 75% to 80% of the cars are financed and therefore, it is less likely that inflation would deter the purchasing power. He says the first time buyers would continue to buy due to theDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
