GM May sales up 40.2%, but Sail output suspended to avoid backlog.
MUMBAI – Indian auto makers’ efforts to halt a sales slide that began last year are being thwarted by a stagnant economy, weak corporate earnings, rising costs of financing and the rupee’s double-digit loss of value in global markets. Light-vehicle deliveries fell 8.4% in May compared with a year earlier, according to WardsAuto data. This included an 11.9% retreat in car sales. Market reports indicate June results may be even more disappointing, despite the auto ...
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