SIAM lowers FY13 car sales forecast
As increase in costs and slower economic expansion weigh
An Indian automobile industry body on Tuesday slightly lowered its forecast for car sales for the year ending next March, as increase in costs and slower economic expansion weigh.
Car sales for the current fiscal year are expected to rise 9-11 percent, the Society of Indian Automobile Manufacturers said, lower than the 10-12 percent growth it had forecast in April.