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India: Aug auto sales decelerate, chip shortage remains

ABSTRACT

The Indian automotive industry,it appears, is likely to face a demand-supply imbalance. The long-standing semi-conductor or chip shortage is hampering production schedules and companies are bracing for tough times ahead.
From July to August, many original equipment manufacturers (OEMs) have reported a decline in sales on a sequential basis in the passenger vehicle (PV) segment.For two-wheelers, the recovery has been slow but industry players are hopeful of the upcoming festive season. Commercial vehicle (CV) sales have also grown on a

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