Festive demand restores growth in two-wheeler despatches in October 2018
Sales numbers from six leading OEMs indicate year-on-year growth of nearly 19 percent. Industry looks forward to auspicious day of Dhanteras and the Diwali festival to provide accelerative force.
03 Nov 2018
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Initial reports from the major two-wheeler companies clearly suggest that the anticipated demand in the festive season has already restored year-on-year (YoY) growth in vehicle despatches to showrooms across India.
As per the reports on the wholesale volumes shared by the top six two-wheeler manufacturers, total despatches stand at about two million units or 19,77,174 units precisely. This has marked a YoY growth of 18.77 percent over last year’s October’s wholesale numbers, which stood at 16,64,640 units (cumulative volumes of the same six OEMs).
While Hero MotoCorp, Honda Motorcycle & Scooter India (HMSI), TVS Motor Company, Bajaj Auto ...
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