Passenger vehicles dealership industry likely to grow by 7-9% this fiscal on tax sops, low inflation: Report

Crisil reports a positive outlook for Indian passenger vehicle dealers. The industry anticipates a 7-9% growth this fiscal year. Lower taxes, interest rates, and controlled inflation are driving factors. Revenue is expected to rise, aided by increased sales. Dealers will likely see improved profitability. Inventory levels are expected to normalize. Credit profiles of dealers will remain stable.