Indian auto parts shares seen up on vehicle boom

Newswire

By Arif Sharif BOMBAY, Feb 17 (Reuters) - Booming vehicle sales and outsourcing by foreign firms are expected to lift shares in India's auto parts companies by as much as 40 percent in the fiscal year starting in April, analysts said. Sales of passenger vehicles -- cars, vans and utility vehicles -- in India have jumped 22 percent in the first 10 months of this fiscal year, while truck and bus sales grew 28 percent and motorbikes and scooters climbed 17 percent. That growth is expected ...

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