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In May 2024, the Indian automobile industry recorded a significant growth of 9.55%, selling over 25.31 lakh vehicles. According to FADA, car sales surged by 23.25%, while two-wheelers and commercial vehicles also saw growth despite challenges like heatwaves and fuel price hikes. Factors like a steady RBI repo rate, the arrival of the monsoon, and the upcoming wedding season are expected to further boost demand. https://sambad.in/india-and-beyond/over-25-lakh-vehicles-sold-in-may-12013062 #creator program
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