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Low auto demand worries analysts, but feel situation may develop

Low auto demand worries analysts, but feel situation may develop

Thursday, March 2, 2017, 12:51 PM

February sales of major auto firms slowed, largely due to demonetization woes. Passenger vehicles overall posted steady numbers. Analysts cite demand issues for the sector in general but feel it may improve as cash situation gets better. In medium and heavy commercial vehicles, demand was soft despite pre-buying during the month
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