As per a report on Economic times, India has become the world’s largest two-wheeler market, beating China. A total of 17.7 million units were sold last financial year in India. The report adds that the Chinese market in the same year had a total tally of 16.8 million two-wheelers.
Hero MotoCorp, with 6.48 million units continues to be move forward by the Hero Splendor but their former partner is uncertainly close to their total with 4.72 million units. The growth is not only being led by traveller vehicles, but even larger and expensive two-wheelers are being sold in good numbers. Sale of Royal Enfield hike by 25% more in 2016-17.
Out of the 17.7 million two-wheelers sold in India, 11,094,543 units are motorcycles which grew at 3.68 percent while scooters amounted to 5,604,601 units, which is a growth of 11.39 percent.
The Honda Activa is the country’s largest selling two-wheeler which recently crossed the 1.5 crore units. The numbers this fiscal can be expected to rise further with steady demand in urban as well as rural spaces.