TVS Motor Company Senior Vice President - Head Commuter Business Aniruddha Haldar noted that the growth in the two-wheeler industry is also being driven by rising acceptance of scooters in the rural areas.
As per industry observers, widespread deployment of funds during polling season will lead to larger sums of money in the hands of people especially in the rural market
Quarter-on-quarter growth figures may be a mixed bag with drag on volumes and margins
Motilal Oswal has come out with its report on auto sector update. "Growth continues in two-wheelers and tractors, other segments sees sharp decline," says the research firm.
Siddharth Lal, CEO, Eicher Motors Ltd says the hike in excise duty to 12% announced in Budget 2012, along with inflationary pressures and cost of raw materials is likely to lead to a subdued quarter for commercial vehicles.
PINC Research has come out with its report on automobile monthly sales update. The research firm is positive on the two wheeler industry and recommends to buy Bajaj Auto and accumulate Hero MotoCorp (HMCL), in its January 04, 2012 research report.
The two-wheeler industry is likely to grow at a CAGR of 12% at 21-23-million units over the next five years on the back of a good demand and steady GDP growth as well sound public transport system in the country, ICRA said in its report.
As part of leveraging its presence in the two-wheeler industry, bike manufacturer TVS Motor Company, which reported a strong financial performance for 2010-11, would introduce a new motorcycle and a scooter this year, a senior company official said on Friday.