Two-wheeler sales in India, the world’s largest market for such vehicles, extended the declining streak of the previous months as manufacturers pared dispatches to dealers in a bid to control inventory on the back of poor retail sales.
Automakers in India count dispatches to dealers as sales. Dragged down by top two firms — Hero MotoCorp and Honda Motorcycle and Scooter India — which saw volumes skid 23.22 per cent and 10.59 per cent, respectively, motorcycle and scooter sales in India skidded 16.3 per cent to 1,486,828 units over a year-ago period.
With a proposed hike in registration of new
With a proposed hike in registration of new