The Indian market is booming as Light Vehicle (LV) wholesales in September touched a record-high of 418k units. This total was up by 1% month-on-month (MoM) and 3% year-on-year (YoY). Accordingly, the selling rate maintained a very strong pace at 4.8 million units, even though it was down by 7% MoM due to an exceptionally robust August.
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