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The sudden revision has raised concerns among the car buyers and automakers, while according to the experts, it is likely to have minimal impact on interest rates.

RBI's Repo Rate Hike Likely To Have Nominal Impact On Car Loans And Sales

Carmakers Maruti Suzuki, Hyundai and Mercedes Benz are offering buyers "teaser loans", a move sources said followed a softening of the Indian central bank's stance on the products in the face of a coronavirus crisis induced economic slump.

Indian Carmakers Offer Teaser Loans As RBI Softens Stance: Report

Car loans are currently available at an average of 11 per cent interest and while we wait to find out by how much this rate is likely to go down by, the auto industry is definitely looking forward to a possible rate cut.

RBI Cuts Repo Rates By 0.25 per cent; Auto Loans Likely To Get Cheaper

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