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Car sales expected to grow by 10-12% in FY13

Auto industry is currently in a constant growth phase and is expecting an increase of sales by about 10-12percent which is however less than 26percent growth recorded in FY11 and FY10. On the other hand, growth of commercial vehicles sales is expected to come down to 9-11percent. The driving force for push in car sales will be new models entering the market and increased number of diesel variants majorly.

Auto Industry of India

Auto Industry of India

Three wheelers, whose growth declined last fiscal year might see an increase of 5-7percent this year. Car sales started increasing from January this year and March month saw an increase of 20percent and total vehicle sales increased by 10percent in March. Tata motors were the highest gainer with a shoot up of sales by 33percent.

Also, two wheeler sales rose by 8percent and Honda motorcycles overtook TVS as the third-largest two wheeler maker saw sales go up by 55percent in March. Will it increase or decrease in times to come?

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