India car sales to grow at 9.5 pct by 06/07-report


NEW DELHI, Dec 23 (Reuters) - India's new passenger car sales are likely to grow at a compounded 9.5 percent to cross the 900,000-mark in the year to March 2007 due to rising incomes and cheaper finance, a research report said on Monday. CRIS INFAC, a research subsidiary of rating agency CRISIL Ltd , said demand in the nearly 600,000-unit a year market would also be boosted by a possible cut in excise duties, a wider menu of models and longer repayment periods. Taxes and levies make up ...

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