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2019 witnesses worst-ever decline in auto sales: SIAM

Shortpedia

Content Team

The automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across segments, according to industry body SIAM. As per data released by the Society of Indian Automobile Manufacturers on Friday, all vehicle segments reported de-growth last year as low consumer sentiments, weak rural demand and economic slowdown took a toll on demand.

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