RPT-Sona Koyo sees FY08 sales growth slowing to 15 pct

Newswire

(Repeats story issued late on Wednesday) MUMBAI, April 25 (Reuters) - Sona Koyo Steering Systems Ltd. expects 2007/08 sales growth to slow to 15 percent from 80 percent last fiscal year, on high base effect and slower industry growth, a top official said. "Last year was unusual, Now I am taking a conservative view and I certainly hope we cross it," he said over telephone from Sona's headquarters at Gurgaon in the outskirts of New Delhi. Automobile growth looks likely to slow, however ...

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