Poging GOUD - Vrij
Two-wheelers, tractor volumes to outpace PVs'
The Daily Guardian
|January 10, 2025
The volume of two-wheelers (2Ws) and tractors will grow at a compounded annual growth rate (CAGR) of 13 to 15 per cent, outpacing passenger vehicles (PVs) and trucks between financial year (FY) 2025-27, stated a report by Jefferies an investment banks and financial services company.
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"We expect 2Ws and tractors to grow at strong 13 per cent and 15 per cent CAGR respectively over FY25-27E (FY25E: 12 per cent and 6 per cent)," says the report.
The report added that the volume growth of passenger vehicles and trucks segment is expected to grow at a rate ranging from 5 to 8 per cent.
"We expect PVs and trucks to grow at 8 per cent and 5 per cent CAGR over FY25-27E (FY25E: 2 per cent and -4 per cent)," adds the report.
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