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Automobiles Sector Check - Inventory Build-Up In PVs Initiated Much Before Festive Season: ICICI Securities

Inventory build-up in PVs already visible; still a couple of months to go for festive season to start.

Heavy vehicle traffic, including cars, trucks and vans travel on a freeway at night. (Photographer: Patrick T. Fallon/Bloomberg)
Heavy vehicle traffic, including cars, trucks and vans travel on a freeway at night. (Photographer: Patrick T. Fallon/Bloomberg)
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