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RB: The global passenger car segment bounced back rapidly in 2022-23 reaching a market size of over $1,549 billion in 2022 and is projected to hit around $2,676 billion by 2032, growing at a CAGR of 5.62% from 2023 to 2032 (Precedence Reporting 4 ). This gives a good platform for Indian manufacturers to choose their field of play.
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