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03-13-2012, 09:46 AM #1
Car sales up 13 per cent in Feb as customers see prices rising post Budget
Car sales in India grew 13.11 per cent to 2,11,402 units in February as customers rushed to buy vehicles fearing rise in prices post the Union Budget 2012-13, to be presented on March 16.
"People are expecting increase in car prices after the Budget as the government may roll back two per cent excise concession given as stimulus during the 2008-9 slowdown," SIAM Director General Vishnu Mathur told reporters.