Indian two-wheeler sales surge 14% in festive season, driven by rural demand and good monsoon.

Two-wheeler retail sales in India saw a 14% growth during the recent festive season, boosted by improved rural demand and a healthy monsoon. Credit rating agency ICRA predicts a 11-14% growth in wholesale volumes for the two-wheeler industry in the next fiscal year, driven by steady replacement demand and better rural incomes. Despite the retail surge, high inventory levels have limited wholesale volume growth.

November 18, 2024
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