Indian 2-wheeler industry likely to see marginal growth in FY2015-16
The growing popularity of scooter models, primarily the Activa (Honda), Jupiter (TVS) and Fascino (Yamaha), have powered YoY growth for HMSI, TVS Motor and India Yamaha.
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The Indian two-wheeler industry, covering motorcycles, scooters and mopeds, is expected to record a flat year-on-year growth rate of close to 2 percent for FY2015-16.
A quick sales forecast based on the 11-month market performance as registered by each individual two-wheeler OEM in India underlines that Hero MotoCorp, the largest two wheeler manufacturer, may record a slight decline for the year ending March 31, 2016. This is estimated if the company records sales of around 53 lakh units, a monthly sales average for the April 2015-February 2016 period. However, the growing popularity of its scooter models (Duet and Maestro, ...
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