 "Mopeds continue in green in August, lone bright spot in two-wheeler segment")
The rural-centric moped’s sales in August saw the highest growth in the two-wheeler segment since the lockdown began in March.
According to the Society of Indian Automobile Manufacturers (Siam), total sales of mopeds (TVS Motor is the sole manufacturer of the moped) stood at 70,126 units in August 2020 against 55,812 units in August last year, a growth of 25.65 per cent. In July, moped sales grew by 14 per cent after reporting a drop of 22 per cent in June.
One of the key growth drivers for better sales is the government’s priority of spending towards rural development and agriculture. Also,
