Bounce has already crossed 100,000 rides per day in Bengaluru; this puts it at par with global players such as scooter-rental companies Lime and Bird
TVS Motor co, which is the second largest scooter maker in India by sales sold 12,41,366 units in FY19 as compared to 10,99,133 units in FY18, a growth of 12.94%
While the top three scooter makers including Honda, Hero and TVS, did not comment, dealers and analysts have attributed the drop mainly due to customer decision to postpone the purchase
Motorcycles, which had grown at just 8 per cent in the first five months of FY18, have climbed up almost 15 per cent this year
Data reveal that in traditional agrarian states, the growth of scooters has come at the cost of motorcycle sales
Domestic scooter market has expanded 25% in first April-May of FY18 to 1.15 million units
Five companies get more volumes from scooters than motorcycles
One of every five two-wheelers sold in villages is a scooter