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Chennai: Ashok Leyland''s
has reported sales for September down close to 13 per cent compared with that
of the same month last year. According
to industry sources, the slowdown in commercial vehicles sales is mainly due to
rising interest rates that dampen new truck purchases. Continuing
the trend over the last three months, September saw a rise in the sale of buses.
The goods segment, which is sometimes seen as an indicator of the economy''s performance,
continued its signs of depression.
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