Record Autos Growth Will Be Dapmened By Price Hikes

India's auto sector achieved record growth of 31% year-on-year in calendar year 2010, with vehicle sales reaching 1.87mn units, compared with 1.43mn units in 2009, when sales fell dramatically during the financial crisis. Although this has prompted BMI to raise our sales forecast for the financial year to March 2011, we believe several factors will combine to ensure slower growth in the following

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