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Vehicle makers to post lower profits

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Added on: Jan 24th, 2008

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New Delhi, 24 Jan, 2008 : Apart from India's No 1 car maker, Maruti Suzuki, and top motorbike maker Hero Honda Motors both of whom have reported gains in quarterly net profits, most other vehicle makers are likely to take a hit from price discounts. However analysts say steadier costs for raw materials, hopes of lower interest rates and new launches could help boost demand.
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