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Slowdown, high fuel prices reflect on auto sales
High fuel prices, interest costs and weak consumer appetite owing to slowing economic growth have led to disappointing auto volumes in May, which is also reflecting in the 29 per cent fall in sales of Maruti’s mini segment, comprising Maruti 800, Alto, A-Star and WagonR. Thus, Maruti recorded a six per cent year-on-year (y-o-y) drop in passenger vehicles in May, which saw its stock fall nearly
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