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Auto industry demands govt intervention and asks for an immediate cut in GST

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Passenger vehicle sales dropped by a whopping 30.98% to 200,790 units in July as weak consumer sentiments hit demand. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), commercial vehicle sales in the period under consideration dipped 25.71% to 56,866 units. Two-wheeler sales last month fell 16.82% to 1,511,692 units.

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