India truck, bus industry seen slowing in 05/06

Newswire

By Arif Sharif NEW DELHI, Oct 26 (Reuters) - India's truck and bus industry, the world's fifth-biggest, is on course to report its third straight year of near 30 percent growth but a cyclical downswing could slow growth to 10 percent in 2005/06, officials say. Sales growth this year will be supported by the shifting forward of some demand from the next year to the last quarter of this business year that ends in March because of new emission norms that take effect in April, industry ...

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