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Friday, 9 December 2011

Single digit growth not seen by car sales this fiscal says SIAM

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As the Indian automobile industry is found in doldrums and with the latest news of price hikes from car makers has not helped their cause. Now the sales forecast for the industry is likely to see a downward revision of the passenger car sales growth forecast for 2011-12 for the third time this fiscal in January due to sluggish demand over the last few months. According to the Society of Indian Automobile Manufacturers (SIAM), the passenger car segment may not even see single-digit growth in the current fiscal.Automobile News

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