The ongoing protests in Bangladesh have sent shockwaves through the country's two-wheeler industry, where Indian companies such as Bajaj Auto, Hero MotoCorp, and TVS Motor Company collectively hold over 50 per cent of the market share.
Industry sources estimate that the Bangladeshi two-wheeler market is expected to fall to between 380,000 and 400,000 units, representing a decline of 15-20 per cent compared to last year.
While this may represent a relatively small portion of global sales for these Indian giants, the current crisis could impact their export numbers for the financial year 2024-25. This comes after 2023 saw Bangladesh's twowheeler sales drop to a five-year low of 461,805 units.
"Everything is shut in that country.
Bu hikaye Business Standard dergisinin August 09, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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