Two-wheeler sales rise 9% in Sept to over 2 mn

TWO-WHEELER MANUFACTURERS PUSHED 9% higher dispatches to their dealerships during September (year-on-year) to over 2 million as they look forward toa demand boost following the cut in Goods and Services Tax (GST) rate to 18%.

- SWARAJ BAGGONKAR

While the reporting month started on a sombre note with the onset of the inauspicious Shraad period, demand gathered momentum during the final week when the GST rates took effect and the start of the auspicious Navratri season, said market watchers.

Hero MotoCorp, the country’s largest two-wheeler maker, saw wholesale volumes grow by 5% to 647,582 units. However, its vehicle registrations grew by 19% during the same month to 323,230.