Jobs – low paying, but secure – were preferred. Government in the early 80s, the percentage of vehicle loans The consumer mindset of the 1980s was one of If one analyzes the balance sheet of the banksĬaution and savings orientation. implications on the Indian society.Ĭonsumer perception and scenario in the 80s’ William ‘Billy’ automobile loans in the middle class consumerĭurant founded General Motors and was the first mindset and its long term impact and Period, until an extraordinary salesman andĮntrepreneur, William Durant, entered the This paper analyzes the impact of affordableįledgling automobile industry. Selling cars was a challenge during this of the Indian economy around 20 years ago. All that changed with the liberalizationġ908.
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Subsequently, car registration the risk or were more interested in saving forĬlimbed from 178 in 1903 to just over 2,000 by the future. McLaughlin-Buick vehicles, a year before the compared to other essential needs.
With American David Buick to mass-produce that it was less important to own a car when He went into partnership because they didn’t earn enough or thought Invented by Sam McLaughlin, a Canadian from Ordinary citizens did not or could not take loans The first automobile was actually until the 1990s, and were restricted to the rich. Henry Ford invented the first automobile, Automobile loans were not common in India India’s changing middle class tastes whet the Universal Banking Solution | Systems Integration | Consulting | Business Process Outsourcing Finacle - Automobile Financing & Loans | Industry Trends In India
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