ICRA Rating has come out with its report on Indian two-wheeler (2W) industry. As per rating agency 2W industry has reported a strong double-digit volume growth of 17%1 in Q1, 2011-12 (YoY), even as several other automobile segments showed signs of a cyclical dip in growth during this period.
The Indian two-wheeler (2W) industry reported a strong double-digit volume growth of 17%1 in Q1, 2011-12 (YoY), even as several other automobile segments showed signs of a cyclical dip in growth during this period. While the northward movement in macro-economic variables including inflation, fuel prices and interest rates has been the nemesis of the automobile industry at large, the 2W industry has been relatively less impacted so far. ICRA believes that the resilience shown by the 2W industry volumes is likely to persist, a large base notwithstanding, with the industry looking on course to record yet another year of double-digit growth. However, the situation may change in the event of higher than expected decline in IndiaDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
