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LMC Automotive blog: India, set to become the world’s third-largest LV market
The Indian market is roaring back. At the height of the pandemic, Light Vehicle (LV) sales plunged to a ten-year low of 2.8 mn units in 2020, a 30% decline, compared to 4 mn units in 2018. In the last two years, however, the market rebounded strongly – indeed, so strongly that sales reached a record high of 4.39 mn ....
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