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Motorcycle and scooter dispatches increased year-on-year (y-o-y) in April for the first time in ten months, shows monthly sales data from vehicle manufacturers.
An early harvest coupled with a pent-up demand for weddings and festivals bumped up sales. Last year’s low base also made the y-o-y sales performance look impressive. However, the good show is unlikely to continue beyond a few months. High raw material prices forcing companies to jack up prices will weigh on demand, and the continuing shortage of semiconductors will plague the supplies. Meanwhile those at the bottom of the pyramid have yet to recover from the
