Domestic car sales which have taken a beating this year, are likely to improve next fiscal amid strong fundamentals, says a report by financial advisory firm Deloitte India.
“The current slowdown in car sales is not here to stay as the fundamentals of car sales growth, namely, urbanisation and car density (very low penetration at present) are still very attractive,” Deloitte India senior director Kumar Kandaswami said in a report titled ‘Driving through BRIC markets: Lessons for Indian car manufacturers’, which was released here today.
From: http://ping.fm/OD9RO
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