After a long time of thrashing income in the Indian automotive market, Festive season restores the market to create a rainbow in the market universe.

At one end of the spectrum, Indian car manufacturers are offering discounts and gifts and at the other end, banks and car financers are reducing the interest rates. This means that during this festive season, car buyers have the opportunity to relish tasty fruits with both hands.

Car manufacturers, banks, and finance institutions are all working hard to search out the best possible way to reduce interest rates on car finance. Maruti Suzuki India, leader in passenger car market, has reduced the interest rate from a slab of 15-17% to 12.53-13.3%. General Motors is offering its Optra Magnum at a discounted interest rate of 8.55% and Toyota selling its Toyota Innova at an interest rate of 7.9%.

With these car manufacturers, auto financers and various banks like ICICI, HDFC, and Kotak Mahindra have also reduced their interest rates to bring some cheers to the lackluster Indian car market.

So, if anyone of you is planning to buy a car, then rush. This is the perfect time to buy your dream car.