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VERIFIEDET Finance·negative
Global headwinds put electric bike companies on price hike path
AI Summary
- ·Electric two-wheeler companies are facing increased costs due to rising raw material prices and supply chain disruptions.
- ·Companies including Bajaj Auto, Hero MotoCorp, and Ather Energy are indicating potential price hikes for their products.
- ·The demand for AI infrastructure is also contributing to supply chain challenges for essential components.