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.
This story is from the April 03, 2024 edition of Financial Express Mumbai.
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This story is from the April 03, 2024 edition of Financial Express Mumbai.
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