Commuter bike segment sees moderate growth in FY24 as challenges continue

High commodity costs, stringent rules and uncertainty about rural recovery remain major factors for this segment

The commuter bike segment, which includes motorcycles with engines between 75 cc and 125 cc, is expected to post moderate sales growth this fiscal year as it continues to be affected by factors such as uncertainty about rural recovery, preference for premium vehicles, and higher prices due to high commodity costs and stringent government regulations.

Domestic sales of commuter bikes in FY23 increased by 10.5 per cent year-on-year (YoY) to 7.92 million units. However, domestic sales of the entire two-wheeler segment were up 13.86 per cent YoY in FY23, indicating that the sales of more premium motorcycles (with 125 cc