Second Covid wave impacting two-wheeler sales harder: Report
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Last Updated: Apr 19, 2021, 04:46 PM IST
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Noting that the month-to-date (MTD) saw significant decline in demand in two-wheeler retail sales, the report said that if demand fails to recover amid the mini festive season and wedding season, demand recovery may be deferred up to October, which is main festive season.
According to Motilal Oswal, inventory at some of the major two-wheeler manufacturers was manageable at the start of the month, with a supporting number of inquiries and bookings. However, dealers saw a significant increase in cancellations with the rise in Covid cases.
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