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Indian automakers to see muted demand till October

Switch to new emission norms to push up vehicle prices

The Society of Indian Automobile Manufacturers expects the industry to report better sales only from the second half of the next fiscal year.   © Reuters

MUMBAI (NewsRise) -- Indian automakers are unlikely to see a recovery in sales before the festive season in October as weak consumer sentiment and high cost of vehicles weigh on demand, the nation's main industry group said.

The Society of Indian Automobile Manufacturers, or SIAM, expects the industry to report better sales only from the second half of the next fiscal year starting in April, said Rajesh Menon, its Director General.

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