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Luxury cars sales dip amid slowdown

With the economic slowdown hitting the people's spending power, sales of high-end cars dipped in May by 7.59 per cent, although the overall passenger car segment grew by 2.48 per cent.

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With the economic slowdown hitting the people's spending power, sales of high-end cars dipped in May by 7.59 per cent, although the overall passenger car segment grew by 2.48 per cent.

According to the data provided by the Society of Indian Automobile Manufacturers (SIAM), sales of the premium and luxury cars went down to 3,360 units in May from 3,636 units in the year-ago period.

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