Move over motorcycles, scooters are way more in demand these days
Scooters captured more than one-third of domestic two wheeler market for first time in over a decade LATEST NEWS : Think about the slowest growing segment of Indian automobile industry. It is not the three-wheelers or the commercial vehicles. It is the motorcycle , the biggest segment of the industry by volume, marked by top players like Hero MotoCorp, Bajaj Auto and Honda. Society of Indian Automobile Manufacturers (Siam) data shows that the Indian motorcycle market has grown by less than six per cent cumulatively since FY14. In the same period, domestic passenger vehicle market expanded by 20 per cent, commercial vehicles grew by 13 per cent and three-wheelers by 12 per cent. The volume of motorcycles, the largest segment by units sold, has remained stuck between 10 and 11 million units a year in last four years. While two consecutive deficient monsoons (2014 and 2015) were a factor, the larger impact is coming from a shift towards scooters. ...