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SIAM Cuts FY12 India Local Car Sales Growth Forecast to 2%-4%

The Society of Indian Automobile Manufacturers reduced its forecast for growth in passenger car sales in the country to as much as 4 percent in the year ending March, from as much as 12 percent estimated earlier, S. Sandilya, president of the industry group, said in New Delhi today.

To contact the reporter on this story: Malavika Sharma in New Delhi at msharma52@bloomberg.net

To contact the editor responsible for this story: Pradeep Kurup at pkurup3@bloomberg.net

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