Category: CRC
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India: Domestic demand bounces back with surge in Aug’20 retail auto sales
Steel demand from the downstream industries is surging as the unlocking measures announced by the government are in various stages of implementation, thereby facilitating manufacturing activity. Vehicle sales have registered a steady growth with retail sales in the passenger vehicles (PV) segment witnessing sharp recovery: PV sales, remarkably, dipped just 7% to 178,500 units in…