MUMBAI – Indian auto makers are determined to reverse a slowdown in the growth of light-vehicle sales from 31.9% in 2010 to 11.4% in 2012, according to WardsAuto data. They have considerable ground to regain. Deliveries in first-quarter 2013 declined 7.6% to 880,381 units compared with year-ago. Several new-vehicle launches sputtered and auto makers have been offering huge discounts to clear inventories, cutting their thin margins if not making losses. The country’s top ...
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