FY2021 two-wheeler sales still under the weather
Though on a monthly basis, the sales have seen incremental increase but the industry is not entirely out of the woods as the FY2021 sales are significantly below the FY2020 sales.
If India Auto Inc is seeing a glimmer of hope in terms of sustained growth, it has the two-wheeler and passenger vehicle segments to thank. From the March 2021 and FY2021 sales numbers released by the top four two-wheeler OEMs, it is amply clear that in the second half of the year, they have managed to claw back a substantial amount of sales lost in the trouble first half. However, given that these four players are also the key drivers of mass mobility in the form of entry-level motorcycle and scooters, it can be surmised that Covid-induced loss of sales from consumers ...
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