2W sales hit a six-year high in March

TWO-WHEELER SALES hit a sixyear high in March with volumes rising 16% year-on-year to 1.52 million units aided by positive buyer sentiments, new launches and easy finances.

- SWARAJ BAGGONKAR

The domestic volume figure includes electric two-wheelers also which had seen a huge spike in demand following uncertainty over government's continuance with its subsidy scheme and a reduction in the subsidy itself.

The previous high was seen in March 2018 when 1.73 million twowheelers were sold. The growth has come despite a fall in volume by the market leader Hero MotoCorp.

The Delhi-based motorcycle and scooter maker saw a 9% y-o-y fall in domestic sales to 459,257 units during the reporting month.