Understanding the Demand for Passenger Cars and Lending Rates Relation Through Mixed Methods: Empirical Evidence from Emerging Economies

Vaibhav Chaudhary (), Anam Khan, Rashmi Chaudhry and Prakash Singh ()
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Vaibhav Chaudhary: Indian Institute of Technology—Delhi, Department of Management Studies
Anam Khan: Gargi College, University of Delhi, Department of Business Administration
Rashmi Chaudhry: Indian Institute of Technology—Delhi, Department of Management Studies
Prakash Singh: Indian Institute of Management—Lucknow, Noida Campus, Department of Finance

A chapter in Business and Sustainable Development in a Globalized and Digitalized Era, 2026, pp 201-220 from Springer

Abstract: Abstract This paper decodes the factors affecting the demand for passenger cars through in-depth interviews with car dealers, industry experts, and car buyers. We build framework matrices and a theoretical framework to understand the passenger cars demand landscape. We then build on the thematic analysis to quantitatively test the qualitative findings by building an unbalanced panel of ten diverse emerging economies. These ten diverse emerging economies not only differ in terms of geographical features, but also in cultural aspects, financial systems and institutions, and their economic structure. This paper specifically explores the relationship between lending interest rates and the demand for passenger cars. The moderating effect of business cycles on the relation between lending rates and demand for passenger cars is also tested.

Keywords: Automotive Industry; Monetary Policy; Business Cycles; Emerging Economies; Gross Domestic Product (GDP); GDP Growth; Inflation; Interest Rates; India (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-032-29346-6_11

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DOI: 10.1007/978-3-032-29346-6_11

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