Two-wheeler sales skid 25% in February amid poor demand, chip shortage

Likely spike in fuel costs following soaring crude prices could delay recovery in the world's largest market for scooters and motorcycles, said analysts

Two-wheeler sales remained under pressure in February, showing no signs of recovery. Cumulative sales of top five manufacturers dropped by a fourth during the month over the year ago period as companies curtailed dispatches to dealers amid a poor demand.

An impending hike in the petrol prices following the soaring crude prices could delay the recovery in the world’s largest market for scooters and motorcycles, said analysts.

Sales of some of the premium models also suffered due to the ongoing semiconductor shortage. The shortage in supply of semiconductors has impacted the production and sales of premium two-wheelers, TVS said in