MUMBAI – India’s passenger-car and utility-vehicle sales rose 13.1% in March to 190,310 units, boosted by a cut in excise duty for small cars from 16% to 12%, and continuing the strong growth seen in the fiscal year ended March 31. Auto makers launched 53 new models in the year, contributing to an 11.9% sales gain for the industry to 1.765 million vehicles, compared with the prior-year. The market found growth despite adverse conditions, including currency fluctuations and commodity ...
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