MUMBAI – Three years of market growth here may be coming to an end, as new-vehicle sales declined for the first time in 33 months in July. Industry deliveries totaled 113,822 units, down 1.4% from year-ago’s 115,481. “Sales may improve slightly in a few months, but the margins will continue to be tight,” says a Hyundai Motor India Ltd. spokesperson. Dilip Chenoy, director general of Society of Indian Automobile Manufacturers, now says a previous sales forecast of 3 million vehicles ...

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