Car sales in India are seen growing just 1-3% in the financial year that ends in March 2013, an industry body said, as it slashed its previous estimate of 9-11% on high interest rates and slowing economic growth.
Car sales in India fell 5.4% in September for the second consecutive month, according to data released by the Society of Indian Automobile Manfacturers (SIAM) earlier on Wednesday.
SIAM also cut its motorcycle sales growth for the year to 5-7% from 11-13%, and commercial vehicle sales growth to 3-5%, from 6-8%.
