India's two-wheeler market remains dominated by motorcycles, but scooters are catching up fast. In every month of FY23, the sales growth of scooters came in higher than that of motorcycles. And in December, when scooter shipments rose from a year ago, motorcycle dispatches actually fell.
Scooter dispatches by Hero MotoCorp, TVS Motor Co. and Suzuki surged last month compared to a year ago, even as motorcycle volumes declined. Motorcycle maker Bajaj Auto also witnessed a sales decline.
This divergence seen in December is not a one-off phenomenon. Wholesale dispatch data by two-wheeler makers showed that the contribution of scooters in the two-wheeler market is at its highest level in 2022-23 since FY18. In the April-November period, scooters contributed 32.9% to total two-wheeler sales in the domestic market, compared to 29.8% in FY22 and 29.6% in FY21.
The previous record of dispatches for scooters was in FY18, accounting for 33.3% of two-wheeler sales volumes.
Bu hikaye Mint Mumbai dergisinin January 06, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin January 06, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Hypersonic weapons in the age of A!: Be careful
Indias hypersonic missile marks a leap and updates its nuclear deterrence. But dangers lurk in the global race for these speedy and sneaky weapons, wit/z AI -use posing new risks
How to make Elon Musk's budget-slashing dreams come true
Any serious fiscal policies must go through Congress. That may end up being the key test of DOGE and Trump
BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION
They deliver on the job, but many employees are just going through the motions with one eye on the exits
Viksit Bharat needs big plans and coordinated action
Let's transform manufacturing and agriculture, decarbonize the economy and unleash growth led by women
Indonesia will need to tread a fine line after T rump's return
Jez/farms relations with China mustn,t send out the wrong signals
What if Donald Trump keeps his promises on economic policy?
The 2024 US election is one of those rare instances where there is palpable fem that the winner will actually follow through
The Indian state is still to fully unshackle our economy
Economic success needs the state to function as an enlightened referee and be less statist
Let's tackle the harsh realities of mental health at the workplace
Ensure an inclusive work environment with policies of reasonable accommodation and support
How working abroad gives young Indians a wealth edge back home
Working overseas gives them the advantage to earn in stronger currencies and benefit from exchange rates
FALLING MARKETS ARE JUST WHAT YOU NEED: HERE'S WHY
For some of you, a market downturn may be an ideal time for a complete financial reset
