Slowdown hits India's two-wheeler market hard

Like the passenger vehicle and commercial vehicle segments, the ongoing slowdown has not spared the largest one of them all: India's humungous two-wheeler market. See the gross total of six OEMs' sales in the table below and the year-on-year de-growth of 16 percent is stark pointer that all is not well with the industry on two wheels only. 

In April 2018, market leader and the world's largest two-wheeler maker Hero MotoCorpsold 694,022 units, which was a 16.5 percent YoY growth. This April, the figure stood at 574,366 units, which is lower than the April 2017 figure of 595,706 units. ...