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India auto sales forecast cut

Car sales in India may grow just one per cent this fiscal year, down from a July forecast of around 10 per cent as the economy falters, says the Society of Indian Automobile Manufacturers.

Car sales in India may grow just one per cent this fiscal year, down from a July forecast of around 10 per cent as the economy falters, says the Society of Indian Automobile Manufacturers. Rising fuel prices, slow economic growth, inflation and high interest rates are hurting domestic demand more than expected, the industry group said. -