Motorcycle sales likely to be lower than expected this festive season
The Morning Standard
|October 18, 2024
ALL seems to be not well for India's two-wheeler industry given a major player has trimmed sales growth expectations in the important festive season.
Bajaj Auto Executive Director Rakesh Sharma said on Wednesday that so far motorcycle sales in the ongoing festive season are below expectations as demand is muted and the industry will be lucky if it sees 3-5% growth compared to last year.
"The responses in the motorcycle industry are a little bit muted in the sense that we thought that about 6 to 8% growth will be there in the festive period, but it is not that much. It is 1-2%, almost very similar to last year, same period," said Sharma. He added that due to muted growth in motorcycle sales, the overall growth prospects of the two-wheeler industry could be impacted for the full fiscal.
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