Passenger vehicle dispatches in the domestic market are estimated to have risen 33 per cent to about 4.7 lakh units in July this year, riding on record volumes led by market leader Maruti Suzuki, along with Hyundai. Homegrown majors Tata Motors and Mahindra & Mahindra also clocked high double-digit growth as the passenger vehicle industry continued to ride on the wave of impetus from GST 2.0, reduced repo rates and income tax relief on income of up to Rs 12 lakh.
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