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Car sales in India to stabilize in 2020: Moody's

After the coronavirus is spreading in the Middle East,  tight liquidity and weak consumer demand affect car sales in India. Moody's Investors Service said it will be relatively flat this year after plunging 11.8% in 2019. The rating agency said in a statement that they are expecting a 0.5% rise in auto sales in 2020. Discounts on new cars that do not comply with Bharat Stage VI (BS-VI) emission norms, will definitely play a vital role. it will take effect in April.

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