Slowdown hits auto companies production

The economic slowdown is taking its toll on the Indian auto industry, once seen as the world's most promising by global automakers, who banked on the market to counter the slowdown in Europe and US. Slowing growth has dampened sentiments of buyers, who are reluctant to engage in new purchases at a time when interest rates and fuel prices remain high. The result — output cuts across segments and new investment plans being put off.

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