January two-wheeler sales bring hope to OEMs but petrol price rise could be a spoilsport

Like the passenger vehicle industry in India, the two-wheeler industry is not out of the woods yet. Actually far from it, even as it rides out of the Covie-induced lack of demand for most of the first 10 months of fiscal year 2021. 

Between April-December 2020, the domestic two-wheeler industry saw total sales of 1,07,65,788 units, down a substantial 22.63% year on year. All three sub-segments are down: Motorcycles at 71,99,152 units down by 19.60%, scooters with 31,03,112 units is down by 30.48% and mopeds with 462,107 units down by 6.77%. 

Given this situation, January numbers for six ...