It’s no more just a statement
that “Slow & Steady wins the Race” as Indian Two Wheeler Segment has
steadily been on the rise and is now right at the top of list, being the World’s
Biggest Two Wheeler Market.
India’s emergence as the world’s
largest two-wheeler market despite the demonetization effect in November and
December 2016 reflects the rise in demand of Mobility in India. With such
growth this fiscal we can expect the industry to rise further with steady
demand & at a higher pace during 2014-2019 in urban as well as rural
spaces.
In June as well Two-wheeler
makers had a different ride from car manufacturers. Against a double-digit
decline in sales volume for passenger vehicles, most two-wheeler makers witnessed
robust growth. The June performance growth was led by the country’s biggest
two-wheeler maker, Hero Motocorp.
Market is growing at such a
remarkable speed that with price cut due to GST Rollout from July 1’2017 will expand
two-wheeler market even further.
Hero Motorcorp’s former partner
and closest competitor clocked 4% growth in sales volume to 444,713 units. TVS
Motor, the third-largest two-wheeler maker, saw its domestic sales volume rise
over 10% to 228,518 units for June. Scooters’ domestic sales volume grew 34% to
90,448 units while motorcycles expanded 17% to 112,146 units.
Beside the mobility demand and
GST Rollout, healthy demand due to the ongoing marriage season coupled with
upbeat rural sentiments are also the reason for such demand of two wheelers in
India be it Used or New.
If you as well are looking
forward to acquire your own two-wheeler, pre-owned bikes, scooty, scooters from
Shriram Automall India Limited (SAMIL) are the best choice to make. Visit your nearby
Automall today and take home desired used asset at optimal price. Company is
best known for its transparent platforms and huge inventory filled with used
vehicles and equipment of every make and model that give customers the power of
choice in every nook and corner of the country.
You can also click the link below to register yourself.
http://bit.ly/2c2UwQN
http://bit.ly/2c2UwQN
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