Automobiles News
Car makers post lacklustre May sales in India
India's top car makers posted lacklustre sales in May as an excise tax hike and rising fuel prices hit demand, casting more gloom over the country's economic outlook. Car makers are struggling to hit a sales target set by the local industry body as India's economy grows at the slowest pace in nine years, hurting an industry that has been one of the country's best performers over the past decade.
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