Car sales seen growing 3-5% in FY 2013/14: industry body

Car sales in India are forecast to grow between 3% and 5% in the current financial year, an industry body said today, following the first drop in sales in a decade in 2012/13.

Car sales in India are forecast to grow between 3% and 5% in the current financial year, an industry body said on Wednesday, following the first drop in sales in a decade in 2012/13.

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Sales of trucks and buses are seen growing 7-9 percent in 2013/14 which began on April 1, the Society of Indian Automobile Manufacturers (SIAM) said. Motorcycle sales are seen growing by 6% to 8%.