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