MUMBAI (NewsRise) -- Sales of passenger vehicles in India slumped 31% in July, the worst monthly decline in 18 years, underlining a persistent slowdown in demand and triggering fresh calls for government action to revive the sector.
Business trends
India passenger vehicle sales plunge by most in 18 years
Slump spreads to component makers
Shares in Maruti Suzuki India, the country’s largest automaker, have fallen over 20% since January. (Photo by Takafumi Hotta)
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