UPDATE 1-TELCO sees commercial vehicle sales volumes growing


(adds quotes, details and background) NEW DELHI, May 23 (Reuters) - India's largest truck maker, Tata Engineering & Locomotive Co Ltd (TELCO), said on Friday it expected its commercial vehicle sales growth to slow to nine to 10 percent in 2003/04 after last year's industry boom. TELCO's domestic sales of commercial vehicles, or trucks and buses combined, soared 30.1 percent in the past year to March 2003, industry data shows. The sales surge was fuelled by robust replacement buying ...

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