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Domestic two-wheeler sales in India may have recovered marginally in the seven months to October of the current financial year, but are still in pandemic phase.
They are likely to end the year with a 3-6 per cent year-on-year decline, revealed CRISIL Research estimates.
In the seven months to October, volumes rose marginally to 8,059,237 units, from 8,037,492. This is the second lowest in seven years, according to the latest sales data (factory-gate despatches) from the Society of Indian Automobile Manufacturers.
A proxy for India’s economic well-being, declining volumes shows not all is hunky–dory with one of the world’s largest economies.
“There is a
