Beating slowdown blues with new car launches

Since the beginning of 2019, India’s automobile market has been faced with a slowdown. In May, passenger vehicle sales fell by 20.6 percent to 239,347 cars compared to a year earlier, according to the Society of Indian Automobile Manufacturers. It was the biggest fall since a 22 percent decline in September 2001. In April, sales fell by 17 percent. Yet, in June, auto makers launched at least four new vehicles: Renault’s Triber (a budget MPV), Kia’s Seltos (a subcompact SUV), Toyota’s Glanza (a premium hatchback), and MG Motors’ Hector (a…

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China’s consumers, factory output take a beating as economic gloom deepens

  China’s November retail sales grew at their weakest pace since 2003 and industrial output rose the least in nearly three years as domestic demand softened further, underlining rising risks to the economy as China works to defuse a trade dispute with the United States. The world’s second-largest economy has been losing momentum in recent quarters as a multi-year government campaign to curb shadow lending put increasing financial strains on companies in a blow to production and investment. The slowdown in Chinese industries has started to weigh on consumer sentiment…

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