Car sales expected to grow by 12%: UBS survey
In the run up to the festival season, 88% of dealers surveyed expect a sequential rise in sales over next two months
There might be some green shoots of growth visible on the ground, with a new government in place. An Auto Dealer Survey conducted by research firm UBS suggests that there could be signs of improvement in the automobile (four-wheeler) sector. Auto sales are globally considered to be a proxy for economy. In India too, these numbers are taken seriously by economists and analysts as a measure of growth in the economy.
Read more at: http://www.business-standard.com/article/companies/car-sales-expected-to-grow-by-12-ubs-survey-114090801096_1.html
There might be some green shoots of growth visible on the ground, with a new government in place. An Auto Dealer Survey conducted by research firm UBS suggests that there could be signs of improvement in the automobile (four-wheeler) sector. Auto sales are globally considered to be a proxy for economy. In India too, these numbers are taken seriously by economists and analysts as a measure of growth in the economy.
Read more at: http://www.business-standard.com/article/companies/car-sales-expected-to-grow-by-12-ubs-survey-114090801096_1.html
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