Two-wheeler Industry’s volumes expected to grow at 8-10% in FY19: ICRA

Mumbai: Credit ratings agency ICRA expects the domestic two-wheeler industry’s volumes to grow at 8-10 per cent during FY2019. According to ICRA, the expected growth rate will be supported by growing per capita income, improved farm sentiment following near normal monsoon over last three fiscal, higher MSP and farm loan waiver in select states.

“While increase in rural income would support motorcycle demand; the demand for scooters is expected to be led by rapid urbanisation, increased affordability and greater penetration through targeted product launches.” (IANS)

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