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Prabhudas Lilladher Report
Our channel checks indicate volume de-growth for two wheelers and passenger vehicles as the festive season was worst impacted from semiconductor shortage.
On the back of huge order backlogs, PV segment sales fared far better than 2W segment (despite decline).
We believe that the industry could witness pickup in retails by year-end, if original equipment manufacturers are able to realign chip supply with current demand given Malaysian semiconductor supply normalising.
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