Two-wheeler sales fell by 17% in April, low demand during weddings and festivals was the reason
Two-wheelers: There has been a huge decline in the sales of two-wheelers in the month of April. This time 17 percent less sales were recorded as compared to last year. Which is the biggest monthly decline in the last one year.
This month there has been a massive drop in the sales of two-wheelers. This time there were 17 percent less sales compared to last year. This is the largest one-month decline in last one year. The unique thing is that the companies have conducted a number of types of offer schemes in order to attract customers. Even after that, sales did not improve.
The country's major six two-wheeler organizations cumulatively sold as many as 14.1 lakh units in the country in April. These account for nearly 95 percent of India's total two-wheeler sales. Sales in the countryside were somewhat better, but in the cities, the demand was very sluggish, as per analyst reports.
According to media reports, Yes Securities report said that after talking to channel partners, it has come to light that the demand for two-wheelers was less than expected during the wedding season in North and Central India and festivals in West India. However, there has been some recovery from states like UP and Bihar. Demand was under pressure in these states due to Malmas and already high sales in the last 2–3 months.