Winning Bizness Desk

Mumbai. The two-wheeler industry, which has been witnessing a declining trend in sales for the past two years, is expecting a very good second half of this year. The main reason behind this is the economic recovery, normal monsoon rains, increase in agricultural income, educational institutions and offices opening at full capacity, besides the upcoming season of weddings and festivals. In 2019, the sales of two-wheelers had reached the peak, but after that due to the outbreak of Covid-19 in the last two years, the total sales of vehicles as well as the sales of two-wheelers were significantly affected. Since April this year, two-wheeler sales have been showing growth on a year-on-year basis.

What FADA survey says?

In the Federation of Automobile Dealers Association (FADA) survey, more than half 50.3% of dealers have expressed an expectation of an increase in sales. In the last two years, 66-67 lakh two-wheelers were sold in the second half (July-December). In this sense, in the second half of this year, the sales figure can go up to 70 to 75 lakhs.

New launches will increase in festivals

Compared to the last two years, this year automobile companies will launch more new ones. According to FADA President Vinkesh Gulati, the festive season has been the worst so far but the coming 4-5 months of this year are expected to be very good in terms of sales of Wheelers.

Economic recovery will have an impact on sales

In 2019, the highest number of 2.12 crore two-wheelers were sold in the country. After that there was a steady decline. Last quarter sales grew by 54.3%. Two-wheeler sales are expected to remain good during the festive season due to factors such as economic recovery, good monsoon, increase in farm income.