NEW DELHI - India's domestic sales and exports of cars, utility vehicles and vans for the 2004 fiscal year ended in March rose 19% to 1.23 million units, representing 98% capacity utilization. The industry is investing $9 billion to hike capacity to 1.8 million units by 2007, despite uncertainties that sales can keep pace. Even with high taxes, rising materials costs and growing interest rates, passenger-vehicle sales (including exports) in the period reached 1,227,703 units. Increased ...
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