Two-wheeler sales in June down 27% but better times likely in FY2021

Being the most affordable form of motorised transport, it is not surprising that the two-wheeler segment should be the first to see some green shoots of recovery. From the June 2020 sales numbers released by leading OEMs, it seems to be clear that rural demand is leading the way. The onset of a normal monsoon and pent-up demand should provide the fillip for improved numbers down the line.

Hero MotoCorp: 450,744 units (-26.8%)
The country’s largest two-wheeler OEM  reported despatches to dealerships of  450,744 units. While this is a record sequential growth of four times over the previous month ...