India is fast becoming a huge market for two-wheelers. Sales of two-wheelers totalled 10.5 million units in the 2009-10 fiscal year.
In 2009-10, total two-wheeler sales were up by 24.52%, over the previous fiscal which stood at 8.4 million, according to indiatimes.com, citing a report from CMIE.
Motorcycles accounted for nearly 77-78% of all sales, scooters around 15-16%, and the rest by mopeds.
With these heady numbers, India has emerged as a strong competitor to China, the largest two-wheeler market with 15 to 16 million bikes. However, China’s electric two-wheeler market is another 10 million strong. In India, e-bike hasn’t taken off yet.
The report says with the economy growing very fast, the momentum in two-wheeler sales would continue, with penetration rate seen hitting 30%.
