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VERIFIEDET Finance·negative
More cars, thinner margins: Why rising sales aren’t boosting automakers’ profits
AI Summary
- ·Indian car makers are experiencing strong sales volumes.
- ·Profitability is declining for automakers due to rising commodity prices and currency shifts.
- ·Maruti Suzuki, Tata Motors, and Hyundai reported lower profits despite sales increases, impacted by cost pressures and investments in new technologies.