Rural Market For Two Wheelers

Major players record 9-26% increase on strong domestic demand

Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas.

Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)

TVS Motor, India's third largest two-wheeler maker, is the sole manufacturer of mopeds after Hero and Kinetic exited the sector many years ago

The firm sees an opportunity with consumers preferring personal transport to public following the Covid-19 outbreak

With higher rural growth, analysts expect the entry-level or economy segments to do well as was the case in FY18 when the economy segment grew 23 per cent