Indian automobile industry under intense pressure, Almost all major companies witness major sales decline in July 2019

As the slowdown continues to plague the auto sector, almost all the car makers have registered negative growth with a significant reduction in sales in July 2019 as compared to same month last year. The July sales have been the lowest in past two decades. The only exception here is Volkswagen that has registered marginal growth of 1.40%. Not only the overall slowdown has been the primary cause of the poor show of the companies, older models have suffered been affected more due to launch of new models. Hyundai getting…

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