The 2W market growth was notably driven by the rural sector, demand for premium models and strong performance of entry-level segments with broader product availability and compelling offers enhancing product acceptance, notes FADA President Manish Raj Singhania. "Factors like favourable marriage dates and improved economic conditions also contributed to this positive growth," says Singhania.
The 3W market surged by 24 percent YoY, with EVs making up 53 per cent of this growth, fuelled by first-time users and a shift towards electric rickshaws, alongside better market sentiment and consumer engagement.
Bu hikaye The Business Guardian dergisinin March 10, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin March 10, 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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