With China facing a sluggish economy they may Phase out the EV Subsidies soon. Now the Component manufacturers will look for opportunities elsewhere or just dump it. This Might hamper Shivalik Margins.
US is also planning to Phase out EV Subsidies so demand for EV(Shivay) Components might be Hampered. Positive side, EV sales are skyrocketing and Higher Crude prices are another motivation.
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