Maruti Suzuki, Hyundai
and Mercedes Benz are offering Indian car buyers "teaser loans",
a move that sources said followed a softening of the central
bank's stance due to a coronavirus-induced economic slump.
India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production.
A cyclone in the Arabian Sea was barreling toward India's business capital Mumbai on Tuesday, threatening to deliver high winds and flooding to an area already struggling with the nation's highest number of coronavirus infections and deaths.
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.
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