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Nomura cut India’s FY25 passenger vehicle growth estimate to 1% YoY, down from 4%, due to weak demand. In contrast, the ...
Small and affordable cars once formed the backbone of the Indian auto industry but lost market share to the rise of SUVs.
The global financial services firm, however, lowered its financial year 2025 third quarter estimate for India's passenger ...
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Nomura lowered its financial year 2025 third-quarter estimate for India's passenger vehicle (PV) industry to 1% year on year, which was 4% earlier. It maintained its estimate at 6% YoY for FY26/3F.