Car Sales In India Expected to Grow at Least 6%

Passenger vehicle sales in India should expand 6%-8% in the fiscal year that begins April 1, the Society of Indian Automobile Manufacturers predicts.

SIAM notes that sales in the current fiscal year have grown 4% to 2.36 million units in the first 11 months and are on track to reverse two previous years of declining volume.

The trade group says growth will be aided by improving consumer sentiment, a rate cut by India's central bank and new government programs to improve the country's transportation infrastructure.