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Indian Auto Sales and Production Rise in May Despite Drop in Exports

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India's auto sales rise by 18% in May, with high demand in all segments, except for exports due to weak international demand, causing a decline of 22%. Passenger vehicle sales saw an increase by 14%, three-wheeler sales rose by 70%, and two-wheeler sales by 17%. Despite double-digit growth, auto exports fell by 22%. The steel industry may feel the pinch, with 8-10% of its demand coming from the auto sector. FAME subsidies to be effective from June may drive higher sales of two-wheeler electric vehicles.

MOIL’s Q4 output increases by 7% as a state-owned manganese producer

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India's state-owned mining company, MOIL, achieves record production in Q4 with a growth rate of 7%, aiming for double-digit growth in 2023-24.

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MOIL’s Q4 output increases by 7% as a state-owned manganese producer

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India's state-owned mining company, MOIL, achieves record production in Q4 with a growth rate of 7%, aiming for double-digit growth in 2023-24.

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