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Auto industry may just break even in FY12

India's auto industry may just break even in the fiscal year that ends in March 2012, a senior director of the Society of Indian Automobile Manufacturers said on Thursday.

December 10, 2011 / 11:20 AM IST

India's auto industry may just break even in the fiscal year that ends in March 2012, a senior director of the Society of Indian Automobile Manufacturers said on Thursday.


The industry body would revise down its sales outlook for the fiscal year from 2-4% growth currently, Sugato Sen added, without providing details.


Car sales in India rose an annual 7% in November, the first monthly rise in five, as the industry rebounded from fourth consecutive monthly falls and the biggest drop in over a decade in October.

Maruti Suzuki, the country's top automaker, may see a fall in sales volumes over the fiscal year to March, its chairman told Reuters last month.
 

first published: Dec 8, 2011 10:49 am

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