India Automakers See 12% Sales Jump Driven by More Rural Demand
- Passenger vehicle sales may grow at fastest pace in 6 years
- Drop in sales last month `temporary blip,' auto group says
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India’s automakers are forecasting annual sales to grow at the fastest pace in six years, as rural consumers build wealth and step up purchases of cars and sport utility vehicles.
Deliveries may gain as much as 12 percent in the financial year starting in April, Vishnu Mathur, director general of the Society of Indian Automobile Manufacturers, said Friday in New Delhi. Sales in the year ending in March are on pace to rise about 8 percent.