"India Autos Report Q1 2013" Is Now Available at Fast Market Research
BMI believes new forecasts released by the Society of Indian Automotive Manufacturers (SIAM) in October 2012 are too bearish. SIAM now expects passenger car sales to grow by 1-3% for FY2013 from a previous forecast of 10%. According to S Sandilya, the President of SIAM, the slowdown in economic growth coupled with high interest rates will further decelerate growth.
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