Production cuts on cards as auto inventory swells

Feb 25 2013, 11:58 IST
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SummaryThe auto industry is not only slated to post its slowest growth in five years this fiscal but is also fighting one of the highest inventory levels in recent times across segments like commercial vehicles, two-wheelers and cars, which may lead to more production cuts ahead.

as retirement of old vehicles, lower excise rates and implementation of a new urban renewal scheme to create demand for buses.

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