India auto body cuts FY13 car sales growth forecast to 1-3 pct

NEW DELHI, Oct 10 (Reuters) - India's car sales are seengrowing just 1-3 percent in the financial year that ends inMarch 2013, an industry body said, as it slashed its previousestimate of 9-11 percent on high interest rates and slowingeconomic growth.

Car sales in India fell 5.4 percent in September for thesecond consecutive month, according to data released by theSociety of Indian Automobile Manfacturers (SIAM) earlier onWednesday.

SIAM also cut its motorcycle sales growth for the year to5-7 percent from 11-13 percent, and commercial vehicle salesgrowth to 3-5 percent, from 6-8 percent.

(Reporting by Anurag Kotoky; Editing by Prateek Chatterjee)


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Keywords: INDIA AUTOS/