DelhiDesk After experiencing a decline in sales for three consecutive fiscal years, two wheeler sales have grown by 17.8% in 2022-23, marking the highest growth in over a decade.
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👉 Two wheeler sales declined heavily for three fiscals between 2019-20 and 2021-22.
👉 In 2022-23, two wheeler sales grew by 17.8%.
👉 This growth is the highest in a year in over a decade.
👉 The two wheeler industry has been facing challenges due to the pandemic and economic slowdown.
👉 The growth in sales can be attributed to pent-up demand and increased preference for personal mobility.
👉 The government’s push for electric vehicles could impact the growth of two wheeler sales in the future.
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