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Wednesday, 31 August 2011

Revenue growth seen half in Auto parts

New Delhi/Mumbai: Regarding the Indian automotive auxiliary the revenue growth may halve this fiscal year due to slowing domestic vehicle sales and a higher base year, there is the apex industry body said Tuesday.

The growth in the auto parts industry is expected to 12-15 percent in 2011/12 on the business climate moderation, far from the growth of 33 percent in the previous year, when revenues increased to 39.9 billion dollars, riding on a boom in car sales.may halve this fiscal year due to slowing domestic vehicle sales and a higher base year, there is the apex industry body said Tuesday.Vcommindia News

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