Car sales to grow up to 9 pct in India in 2014: JD Power

Mar 11 2014, 20:51 IST
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The Indian car market is reeling under a prolonged slump. Reuters The Indian car market is reeling under a prolonged slump. Reuters
SummaryAn expected improvement in buying sentiment post the general elections would also lift the car sales.

a sharp uptake depending upon the decisions of the new government."

Sales of commercial vehicles were down 29.84 per cent to 47,982 units in February, the 10th straight monthly decline.

Besides, the Indian tractor industry is expected to grow by 8-9 per cent over the next five years mainly on account of ease of financing, hike in MSP and low tractor penetration.

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