Car sales seen rising 5-10 pct in FY15 - industry body exec
MUMBAI (Reuters) - India's car sales are expected to grow between 5 and 10 percent this fiscal year, Vishnu Mathur, director general of the Society of Indian Automobile Manufacturers (SIAM), told reporters on Friday.
Local car sales in July rose an annual 5 percent, data released by SIAM showed.
Mathur said while the commercial vehicle sector was "still a concern", he expected growth in the sector to return after five-six months.
Commercial vehicle sales in July fell 13.64 percent to 47,765 units.
(Reporting by Aman Shah in Mumbai; Editing by Subhranshu Sahu)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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