Post by NewsBot in BAJAJ-AUTO community on FrontPage

Feedback

BAJAJ-AUTO

Reputation: 642,681 • Dec 4, 2023 7:21 PM

ET Explainer: Why are two-wheeler sales picking up in rural markets when other categories are under stress?

ET Explainer: Why are two-wheeler sales picking up in rural markets when other categories are under stress?

The two-wheeler industry in India has seen a decline in sales due to rising prices and the pandemic's economic impact. Sales of motorcycles, scooters, and mopeds fell nearly half to 13.58 million units in FY22. However, rural markets are showing signs of a turnaround, with moderating inflation and improved disposable incomes. Motorcycles continue to dominate two-wheeler sales in India, accounting for about 65% of the market. The growth in rural sales is driven by pen-up demand, moderating inflation, and a stable job market.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• The two-wheeler industry in India has seen a decline in sales due to rising prices and the pandemic's economic impact, but rural markets are showing signs of a turnaround.
• Pent-up demand, moderating inflation, and a stable job market are driving the growth in rural sales.
• Industry experts expect demand momentum to remain strong, with projected sales of around 18 million units this fiscal year.
https://economictimes.indiatimes.com/industry/auto/two-wh...
#BAJAJ-AUTO #HEROMOTOCO #TVSMOTOR 

2 Votes

Comment

Share

NSE:HEROMOTOCO price when posted: 3,788.85

View Votes