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Chip shortage, increasing fuel prices subdue October auto sales as Indian buyers shy away from spending money

Shortpedia

Content Team
Image Credit: zee news

India's major automobile manufacturers posted subdued sales numbers for October on the back of production issues caused due to a global shortage of electronic components. High fuel cost and longer waiting periods also dampened the sales momentum. Major automakers have recorded a sharp decline owing to the huge waiting periods, with some cars recording as high as 1 year of waiting.