Mopeds ride high in a shrinking market, bring 35% volume for TVS Motor

Domestic sales of mopeds have grown by almost 27% to 7.6 lakh units during April-Dec period of FY17

Even as the domestic two-wheeler market hit the slow lane, one segment is strongly bucking the trend and posting double-digit growth. In the last two months, moped sales have grown at an average 23 per cent, weathering the heat of demonetisation. In the November-December period, the volume of scooters and motorcycles had declined 14 and 15.8 per cent, respectively. 

Domestic sales of mopeds had grown by almost 27 per cent to 674,168 units during the April-December period of FY17. This is much higher compared to the corresponding growth of 16 and six per cent seen in scooters and motorcycles. Moped is