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Strategy might not help revive volume growth in passenger vehicle sales.
Operating margins decline to 10.3% in March quarter on one-time payouts but may recover to 12% in FY2015.
Apollo and Cooper are yet to make the customary rounds of courts to settle termination charges and break-up fees, but the mood already is buoyant among institutional investors who had red-flagged the highly leveraged transaction agreed upon by the Indian company.
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