ICRA info: growth in 2-wheerler sales in India!
Posted on: 13/Oct/2014 2:21:10 PM
Indian Credit Rating Agency (ICRA) has informed that there are prospects of 9% increase in sales of 2-wheelers during the current financial year.
ICRA has estimated that the sales & export of 2 wheelers would increase to Rs. 2.30 Crores during the financial year 2016-17.
When compared with last year, there has been an increase of 14.8% in the sales of 2 wheelers during the first 5 months of this financial year.
ICRA reports that there has been an increase in popularity and sales of scooters as a trend over the last 3 years. The share of scooter sales in the overall increase will be 27%.
As scooters are getting increasingly popular there is a growth in the business of spares parts manufacture as well.
