Two-wheeler volumes to skid 8-10%, demand likely to remain weak: Icra

Demand for two-wheelers in the domestic market is likely to remain weak in the near-term on the back of implementation of BS-VI norms, Investment Information and Credit Rating Agency (ICRA) said on Thursday. The agency expects that the new norms will lead to contraction of volume by 8-10 per cent in FY20. 

However, despite the near-term volatility, Icra maintains a stable outlook for the two-wheeler industry for the coming 12-18 months. The industry, it added, is facing several headwinds that have adversely affected sales, and the transition to new emission norms will further heighten the already subdued outlook. The decline