Monday, 10 October 2011

SIAM Cuts Passenger car market forecast, Increases Commercial vehicle market forecast





Siam (Society of Indian automobile manufacturers) has decreased the forecast of Passenger car market in India to just 2 to 4 percent from an earlier 10 to 12 percent estimate. This is a massive cut and a bad news for the Indian 
passenger vehicle market.

The commercial vehicle market forecast however has been revised upwards to 13 to 15 percent from an earlier forecast of 10 to 12 percent.

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