Passenger car sales to moderate to 8-10% in FY12: Sharekhan

Strong macro-headwinds in form of costlier loans and rising fuel prices will slow passenger vehicle sales growth to 8-10% in the current fiscal year, compared with around 30% in 2010-11 feels Deepak Jain, assistant vice president, at broking firm Sharekhan.

July 04, 2011 / 16:43 IST

Nachiket Kelkar
Moneycontrol.com

Strong macro-headwinds in form of costlier loans and rising fuel prices will slow passenger vehicle sales growth to 8-10% in the current fiscal year, compared with around 30% in 2010-11 feels Deepak Jain, assistant vice-president, at broking firm Sharekhan.

Automobile sales in June were mixed. Two-wheeler growth remained strong. For instance, Bajaj Auto

first published: Jul 4, 2011 11:53 am

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Passenger car sales to moderate to 8-10% in FY12: Sharekhan

Strong macro-headwinds in form of costlier loans and rising fuel prices will slow passenger vehicle sales growth to 8-10% in the current fiscal year, compared with around 30% in 2010-11 feels Deepak Jain, assistant vice president, at broking firm Sharekhan.

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