Sona Koyo sees FY08 sales growth slowing to 15 pct

Newswire

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 new models from Nissan Motor Co. , Renualt , ...

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