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Indian CV sales hit by slowing economy and racing fuel prices

India's SIAM calls the slowdown in CV sales "one of the longest dry spells that we have witnessed"

The Indian commercial vehicle industry has been hit hard by the economic slowdown and a combination of other negative factors and is passing through one of its worst slowdowns ever. Sales in the crucial medium- and heavy-commercial vehicle (M&HCV) segment have been negative, year-on-year, for the 22 months ending December 2013, and there is little indication of an immediate turnaround.

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