India’s scooter market bounces back after four years with strong Q1 FY2023 numbers

With wholesale numbers for India Auto Inc across segments – passenger vehicles, two- and three-wheelers and commercial vehicles – returning strong year-on-year growth in the first three months of FY2023, the mood in the industry is cautiously optimistic. Admittedly, the Q1 numbers are on a low year-ago total but the fact of the matter is that sales are nearing pre-Covid levels.

In what is an indicator that the revival is for real is that demand for two-wheelers, the most affordable form of motorised transport, is back after nearly four years for the beleaguered scooter industry. FY2018 with 6.7 ...