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