Tata Motors sees slowdown in car sales

Tata Motors is expecting a slowdown in car sales growth, which is likely to drop to single digit during the current fiscal.

Rajeev Dubey, senior vice president (passenger car businesss unit) of Tata Motors, said:  "We expect the industry growth to slow down to single digit due to a variety of reasons including high base."

"The car sales growth is expected to be just around 8%,"  V Sumantran, executive director (passenger car business unit) of Tata Motors, added.

The company launched a new range of SUV - Safari Daicor - which sports a common rail direct injection (CRDi) engine. The new model will be priced betwen Rs 7.83-12.70 lakh (ex-showroom Delhi).