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MOTOWN MELTS DOWN
The signs of recovery remain elusive for India’s automobile industry. While all stakeholders continue to bet on future prospects, the longer-than-expected slowdown has raised concerns over growth prospects. While sales during the past few months showed improvements mainly due to new product launche

H1 of current fiscal proved to be one of the worst periods since 2002-03, with only two segments reporting positive growth in sales – scooters and bikes. All other segments, including cars, are in the negative growth curve. Yet there are signs of hope. While urban customers continue to stay away from vehicle showrooms, rural India seems to be providing some respite for car and two wheeler firms. Analysts point out that with interest rat

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