India's Leyland sees good vehicle industry growth

Newswire

NEW DELHI, July 29 (Reuters) - Ashok Leyland Ltd, India's second-biggest truck maker, said on Thursday it was sticking with its forecast of 15-20 percent growth in commercial vehicle industry sales in 2004/05 despite the poor progress of the monsoon. India's June-September monsoon, crucial to the farm-dependent economy, arrived ahead of schedule but the crucial sowing month of July has been dry, fuelling fears of lower crop output this business year to March 2005. The farm sector ...

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