Resurgent rural economy fuels demand for premium bikes as scooter sales decline
Updated : April 26, 2019 12:18 PM IST
The decline was pronounced in the 110 cc segment—the top-selling segment for most two-wheeler makers—where the sales fell by nearly 10 percent, while the 125 cc category is estimated to have grown by 47 percent in FY19.
Premium segment continues to show strong growth, with Yamaha’s popular bike R15 registering a 131.4 percent sales growth.
Nevertheless, Motilal Oswal backs four-wheeler makers as the impact of BSVI is minimal and the stable competitive environment.
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