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India's automakers expect sales to 'increase only gradually'

Market thought to have bottomed out but still lacks growth incentives

China's Great Wall Motor made its first appearance at the Delhi expo and pledged to invest $980 million in India.   © Reuters

NEW DELHI -- Indian automakers at a recent car expo near New Delhi expressed cautious optimism that sales will pick up in the second half of the year after bottoming out last year.

But few executives at Auto Expo 2020 said they expected sales to return to 2018 levels, when over 4.4 million units were sold.

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