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Luxury car sales slow down in India

Luxury car makers like Mercedes-Benz and Audi are a worried lot, especially as the liquidity crunch is impacting operations of many of their customers. “A large number of our buyers are from the SME sector. When they cannot even procure working capital comfortably, how can we expect them to buy new cars?” one leading luxury dealer said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2TT1215

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