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PVS grapple with inventory woes
Mint Mumbai
|December 07, 2023
Wedding and festive seasons push two-wheeler registrations to record levels in Nov; CV sales remain subdued
Two-wheeler registrations reached record levels for a single month in November on the back of increasing liquidity and robust buying during the festive and wedding seasons. According to data released by automotive dealers body, the Federation of Automobile Dealers’ Associations (Fada), on Wednesday, two-wheeler registration was at 2.247 million units, surpassing the previous high of 2.07 million in March 2020, just ahead of the BS-VI changeover.
This signifies a reversal in fortunes for a segment which has been struggling for many quarters since the outbreak of covid, especially for entry-level vehicles.
Fada said the two-wheeler category is poised to benefit from a liquidity boost in the near term, particularly in agricultural regions, as well as the ongoing marriage season.
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