Are you planning to buy a car? Get ready to shell out more in EMIs

Slowing car and two-wheeler sales in the past few months along with rising interest rates are likely to take a further toll on demand, causing more pain to auto manufacturers. 

Buyers of consumer goods, too, will feel the heat as rates rise and input costs surge, forcing companies to increase prices.

While several lenders, including non-banking financial companies (NBFCs) and banks have already hiked interest rates, others are monitoring the situation closely and may do it soon, given the liquidity tightening. 

The recent crisis at Infrastructure Leasing & Financial Services (IL&FS) would put pressure on interest costs of NBFCs, which