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Auto sales growth outlook revised to 5-7% for FY20, says report


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Automobile sales, excluding tractors is expected to grow 5-7 per cent this fiscal owing to factors such as higher vehicle prices, financing issues and higher insurance cost among others, Care Ratings said on Friday.

The agency revised its outlook after industry volume witnessed sharpest decline at 13.3 per cent in April-August over the year-ago period.

The auto sales in the same period last year registered a double-digit growth at 14.5 per cent, it ...


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