Automobile sales (across all segments) in India, the world’s fifth largest market, hit a multi-year low in the December quarter due to a combination of pandemic-induced factors which disrupted both supply and demand.
A persistent increase in raw material costs coupled with safety and emission regulations jacked up vehicle prices particularly hitting those at the entry level of the market, Society of Indian Automobile Manufacturers said on Friday. The auto industry body expects the current quarter to be better but stopped short of sharing any guidance owing to the pandemic related ...
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