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ICRA cuts FY26 PV growth outlook
Orissa POST
|June 27, 2025
Ratings agency ICRA Thursday lowered domestic passenger vehicles wholesale volume growth forecast to one to four per cent for FY26, citing concerns over high in-ventory levels and shortage of critical components such as rare earth magnets for especially for electric vehicles.
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ICRA had earlier pegged the passenger vehicles (PV) wholesale volume growth for FY26 at four to seven per cent over FY25.
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