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Auto sector news: PV segment likely to see record 18-20 pc growth in FY24: Report

Indias Passenger Vehicles (PV) segment is expected to achieve a record 18-20% growth in the current fiscal year, with a continued upward trend in the next fiscal year, according to a report by CareEdge. The growth is attributed to a strong order book, improved supply chain, robust demand for new model launches, and increasing demand in the Utility Vehicles (UVs) segment.
Tanvi Shah Careedge Research Passenger Vehicles Electric Four Wheeler Original Equipment Manufacturers Edge Research Director Tanvi Shah

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