Two-wheeler sales rev up in May
Lower excise duties on fuel and schools re-opening have improved buyer sentiments. However, higher TP insurance premia could play spoilsport. Good monsoons will contribute to better customer sentiments.
India’s two-wheeler majors saw their sales numbers go up month-on-month in May 2022, an indication of perhaps of improving buyer sentiments as the economy opens up more fully, and schools and educational institutions welcome students back again to in-person classrooms.
Also, with many companies cutting back their work-from-home routines, the demand for personal transport could be one of the factors pushing sales.
Two-wheeler OEMs are looking to better sales in the coming quarters and leading up to the festive season as a normal monsoon has been predicted by the Met office. The overall sentiment has also improved ...
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