 "Hero MotoCorp")
Production at India’s top two-wheeler makers, Hero MotoCorp and Honda Motorcycle and Scooters India (HMSI), has been estimated to have slumped to its lowest in seven years in October and November.
Sales of motorcycles and scooters failed to gather momentum even during the festive months, leaving the companies saddled with a pile of unsold stocks.
The two firms account for close to 60 per cent of the domestic two-wheeler market and the skidding production volumes reinforce the poor demand and structural slowdown facing the world’s largest two-wheeler market. The companies have stocks for 45-55 days at their channels, according to dealer sources.
