India · Updated 23 Oct, 07:13 pm IST

Bengaluru EV maker Ultraviolette to absorb rising chip costs, not raise prices

Why it matters for readers: Explains why your favourite EV brand might keep prices steady despite parts getting costlier.

Ultraviolette is facing higher input costs because of a surge in chip prices.1
The company says it will not pass the increased chip costs on to customers.1
Ultraviolette is working on ways to absorb the additional semiconductor expenses.1

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