Omicron worries may impact PV supply: FADA
The Hindu
‘Third wave to impact two-wheelers’
Automobile dealers’ body FADA said passenger vehicle (PV) supplies may get affected further, if chip-making countries go under lockdown due to the spread of the Omicron variant.
FADA, however, noted on Thursday that it expects the semiconductor shortage situation to normalise by the second half of next year.
“We see year 2022 as a neutral year as the rise of Omicron has once again created fear globally,” Federation of Automobile Dealers Associations (FADA) President Vinkesh Gulati said.
February 2025 saw a 2% increase in passenger vehicle sales in India, with upcoming festivals expected to boost demand.
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