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Car sales seen rising 5-10 pct in FY15 - industry body exec
August 8, 2014 / 6:15 AM / 3 years ago

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.

Cars are seen at a parking lot in Gurgaon, in Haryana, November 10, 2010. REUTERS/Mansi Thapliyal/Files

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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