India - Two-wheeler sales witness sharp decrease in November 2021
Date
12/2/2021 4:23:37 PM
(MENAFN- NewsBytes)
Honda Motorcycle and Scooter India, Hero MotoCorp , Bajaj Auto, as well as TVS Motor Company have recorded worrisome sales in November 2021 as compared to the same time last year. Here are more details.
Takeaways Why does this story matter?
The shortage of semiconductors has been an issue for several months now. The two-wheelers industry in India had sold 14,77,313 units in October 2021 as compared to 19,85,690 units in October 2020, recording a 26% year-on-year drop in sales. The trend continued to exist even in November and may not improve in the coming months.
Brand #1 Bajaj Auto recorded 12% drop in sales
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.