Two wheeler sales dip first time in three years
06 September 2012
For the first time in over three years, two-wheeler sales dipped in India reflecting the slowdown that has gripped the country's economy.
Sales of two-wheelers last month stood at a little under 1.2 million motorcycles and scooters which was 5.5 per cent less than the 1.3 million two-wheelers sold in August 2011.Most of the major two-wheeler companies including Hero MotoCorp, Bajaj, TVS, Yamaha and Mahindra saw declines.
Honda Motorcycles and Suzuki were the only exception, bucking the trend due largely to the launch of their new 100 cc mobikes two months back.
The last time two-wheelers sales fell in a month was way back in January 2009, when sales were down by 4 per cent.
Two-wheelers had defied all expectations and grown even as other segments like passenger and commercial vehicles saw demand slowdown.
According to Rakesh Batra, auto practice leader, Ernst & Young, the decline in two-wheeler sales indicated that the problems in the economy were very real and fundamental.