This is certainly not a good news for those who were waiting to buy their dream car. ICICI, Kotak and HDFC have increased their lending rates, signalling a price hike very soon.
ICICI has announced a 50-basis point increase in its auto loan rates effective from today (March 05, 2010).
HDFC Bank also raised its auto loan rates by 50 to 100 basis points with immediate effect.
