MUMBAI – A market rebound appears to be taking hold here, with August sales of cars and utility vehicles combining for a 22.4% gain on year-ago. However, what’s most important isn’t the size of the increase but its breadth, as 12 of the 15 local auto makers posted positive results. Market gains realized in June and July occurred in isolated pockets and benefitted fewer manufacturers, and the industry sees the August tally as the first solid sign that a more widespread recovery is ...
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