Auto f irms send SOS as credit crisis crimps sales
Industry lobby Siam has written to the finance secretary about the decline in sales, owing to the lack of credit
The firm, which retails both global and homegrown brands, will be listed individually in the coming weeks
needs to step in to aid the recovery of sales in the rural market.
“Siam wrote to the finance ministry since automakers have now become desperate. It’s a serious issue and needs to be resolved or some help should be extended. Otherwise there will be...
Read latest mint ePaper online.