Passenger vehicle sales in India seen growing up to 12 pct next fiscal year

People walk past snow covered cars after heavy snowfall in ShimlaSales of passenger cars and utility vehicles in India are expected to grow by as much as 12 percent in the fiscal year starting April 1, the country's automotive body said on Friday, higher than the 8 percent growth estimated for the current year. An expected revival in rural spending, which was hit by poor farm output due to drought, will push passenger vehicle sales higher, Vishnu Mathur, director general at Society of Indian Automobile Manufacturers (SIAM) told reporters. Prime Minister Narendra Modi is under pressure to increase welfare spending in India's upcoming union budget to mitigate losses farmers suffered in the past two years.



from https://in.news.yahoo.com/passenger-vehicle-sales-india-seen-growing-12-pct-130943185--business.html
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