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Prospects brighten for two-wheeler makers

Stocks of two wheeler majors have already started reacting positively

Ajay Modi  |  New Delhi 

Sudden buoyancy has set into the two-wheeler industry, triggered by forecasts of an above normal monsoon. The past two years had seen a deficit monsoon that affected purchasing power in the rural market, where about 40 per cent of two-wheelers are sold. A private forecaster, Weather Risk Management Services, estimated last week that monsoon rainfall this year would be above normal in most parts. India Meteorological Department, the government forecaster, will release its first estimates on April 20. Stocks of two-wheeler companies have started reacting positively. Hero MotoCorp, the ...

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First Published: Fri, April 08 2016. 00:47 IST
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