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With slew of new launches, Auto Inc set for a happy new year

Indias passenger vehicle market, valued at ₹4.5 lakh crore, has been outpacing volume growth and the trend is likely to continue with the spate of new models led by EVs, which enjoy a superior realisation. Carmakers will likely clock ₹25,000-30,000 crore of incremental revenue from new model sales, according to analyst estimates.
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