Sales of two-wheelers rose 8.5% over the year earlier to 10.74 lakh units in August, FADA’s data showed.
“While the two-wheeler segment has grown YoY, it continues to face covid blues due to underperformance of Bharat and is still not above 2019 levels,” Singhania said. “This, coupled with price hikes, has made the two-wheeler product out of reach for most entry level customers.”
The dealers’ body, however, expects an uptick in two-wheeler sales during festivals given the prices remain stable.
Passenger vehicle sales, the statement said, reported 6.5% growth at 2,74,448 units.
“The PV segment continues to be on a bull run as demand for all sub-categories of vehicles, except entry-level, remained strong. This is also aided by new feature-rich launches which OEMs are doing since last few months,” the statement said. “With chip shortage slowly becoming a passe, vehicle availability has definitely improved but waiting period continues to remain due to high demand in higher feature rich variants.”