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 ...
Premium Content (PAID Subscription Required)
"India car sales to grow at 9.5 pct by 06/07-report" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.