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In May, automobile sales slowed down due to heatwaves, election uncertainties, and a high base effect. Maruti Suzuki's sales grew 4.4% year-on-year, but this was lower than the 13.8% growth seen in May 2023. Hyundai Motor India and Tata Motors also saw modest growth, while Mahindra and Mahindra and Toyota India experienced significant increases in sales. Industry leaders expect a sales rebound post-election and with a good monsoon forecast. The auto sector's growth aligns with India's 8.2% GDP rise in 2023-24.
Discover the latest updates in Android Auto 12.0: enhanced stability, better compatibility, and new EV-centric features.
NORTHAMPTON, MA / ACCESSWIRE / May 23, 2024 / BloombergOriginally published on bloomberglp.comAboutStart date: Tuesday, June 4, 2024Start time: 8:30 AM EDT| 1:30 PM BSTDuration: 4 HoursAt the halfway point
Virginia, with its rich history and scenic beauty, has long been a desirable place to live. However, a recent trend paints a concerning picture: residents are