Quote on vehicles price hike By Ashwin Patil, LKP Securities
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Below is quote on vehicles price hike By Ashwin Patil, Senior Research Analyst at LKP Securities
"In line with the continuous increase in input costs led by steel, aluminium etc, automakers are increasing prices of vehicles to maintain profitability. This move shall not impact demand significantly since customers are waiting for production to normalise given the fact that semiconductor chip availability has been haunting the sector. Once the chip issue gets sorted, buyers may ignore the price hikes and demand will continue well"
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