Two-wheeler industry hopeful of growth in Q4 but wary of farmers' stir, budget

The ongoing farmers' agitation and the upcoming Budget are "sort of dark clouds" that need to be closely watched even as the two-wheeler industry is hoping for a low single-digit sales growth during the fourth quarter of 2020-21 on the back of a low base of previous year.

While the farmers' agitation will have a bearing on the rural sales, where motorcycles are predominantly sold, what sort of budget will be presented is also something the industry is anxious of.

With the gradual opening of colleges and universities expected from next year, the two-wheeler industry is also banking on student buying to add to the sales momentum.

In the run-up to the BS-VI transition from April 1 this year, automobile companies had reduced their production in order to prevent unsold BS-IV stocks.

Source: Economic Times