PV sales pick up speed in May but hurdles remain

India’s OEMs recorded good sales numbers for May 2022 on a year-on-year basis on lower than usual base numbers for May 2021 that were impacted by the Covid wave and lockdowns. However, most OEMs’ tallies were better than those of April which is cause for cheer. In terms of marketshare, the top three OEMs are inching towards pre-Covid levels.

Most companies continue to cope with the ongoing semiconductor shortage working on strategies including generating alternative sources as well as focusing that models for which chips availability is more manageable. Apart from the chip crisis, cost push inflation will be ...