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India car-sales growth to drop below 5% this year

2014-11-11 02:20:36| Auto Dealers - Topix.net

Passenger vehicle sales in India will likely grow less than 5% in the year through March as high interest rates on car loans and slow economic expansion continue to dampen demand. The low-growth forecast from the Society of Indian Automobile Manufacturers shows that car makers of India are tempering their initial enthusiasm about potential sales this year.

Tags: this year growth india

Category:Automotive

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