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Car sales seen growing 3-5 percent in FY14

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Reuters NEW DELHI

NEW DELHI (Reuters) - Car sales in India are forecast to grow between 3 percent and 5 percent in the current financial year, an industry body said on Wednesday, following the first drop in sales in a decade in 2012/13.

Sales of trucks and buses are seen growing 7-9 percent in 2013/14 which began on April 1, the Society of Indian Automobile Manufacturers (SIAM) said. Motorcycle sales are seen growing by 6 percent to 8 percent.

(Reporting by Devidutta Tripathy; editing by Miral Fahmy)

 

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First Published: Apr 10 2013 | 11:51 AM IST

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