Indian auto sector is in deep trouble

The Indian automobile market is, clearly, going through tough times. Of late, potential buyers have been bombarded with attractive offers to try and induce them to shell out their money - deep discounts; interest-free offers; even, in some cases, a free car with the purchase of a house. Insurance is being bundled in free. Meanwhile, buyers of even popular models of sedans have discovered to their surprise that there is practically no waiting period.

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