Two-wheeler sales likely to grow at 8-10% in FY19; industry outlook stable: ICRA
Updated : December 26, 2018 01:41 PM IST
Supported by growing per capita income, improved farm sentiment following near-normal monsoon over the last three financial years, higher minimum support price (MSP) and farm loan waiver in select states, the domestic two-wheeler industry volumes are expected to grow at 8-10 per cent during FY2019, ICRA said in a statement.
The ratings agency further said it has a stable outlook on the Indian two-wheeler industry.
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