India: Fitch predicts 10-12% growth in 2010

Global rating firm Fitch has predicted a growth rate in sales of 10-12% for the Indian automotive industry in 2010. However, increased competition is likely to pressurise OEMs' margins, the firm says. "The number of new players, as well as the higher number of new product launches from existing players, is It’s time to log … Continued

Global rating firm Fitch has predicted a growth rate in sales of 10-12% for the Indian automotive industry in 2010. However, increased competition is likely to pressurise OEMs' margins, the firm says.

"The number of new players, as well as the higher number of new product launches from existing players, is

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