Domestic two-wheeler volume to shrink 1-4% YoY this fiscal: ICRA
The Hindu
Further, ICRA said that the lacklustre festive season performance also highlights the continued wariness among the low-income population regarding big-ticket purchases.
Domestic two-wheeler (2W) volume is expected to shrink by 1-4% year-on-year this fiscal, impacted by relentless increase in two-wheeler prices as well as record high petrol cost, among others, credit ratings agency ICRA has said.
Further, ICRA said that the lacklustre festive season performance also highlights the continued wariness among the low-income population regarding big-ticket purchases.
ICRA Ratings expects domestic two-wheeler volumes to contract by 1-4% YoY in FY2022, following a weak festive season performance for the industry.
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