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TWO-WHEELER INDUSTRY TO GROW BY 8 PC, TRACTORS BY 4PC ANNUALLY
The Business Guardian
|September 01, 2024
The two-wheeler (2W) industry is anticipated to grow in high single digits, with an estimated 8 per cent year-onyear (YoY) increase whereas the tractor industry is anticipated to see marginal growth of approximately 4 per cent YoY in the domestic market, according to a report by Nuvama, a wealth and investment firm.
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The growth of the 2W market is primarily driven by strong rural demand coupled with sustained urban sales. The favorable monsoon has improved rural sentiments, leading to an uptick in sales. Additionally, wholesale volumes are expected to outpace retail sales as dealers build up inventory ahead of the upcoming festive period.
Improved farmer sentiments, driven by normal monsoon conditions, have contributed to this positive outlook for the tractor industry. Additionally, favourable terms of trade, with output inflation outpacing input inflation, have further bolstered the sector.
Esta historia es de la edición September 01, 2024 de The Business Guardian.
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