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Two-wheeler shares might enter the quick lane driving on restoration hopes

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Two-wheeler shares might enter the quick lane driving on restoration hopes

The 2-wheeler sector has been underperforming its friends on the volumes entrance for over 5 quarters now. Even within the March quarter, Bajaj Auto and Hero MotoCorp posted a 17-24 per cent YoY decline in volumes, the sharpest within the listed auto universe.

The continued impression of frequent value hikes, all-time excessive gas costs, and muted rural sentiment has led to the lacklustre displaying by two-wheeler makers. What has aggravated the scenario for two-wheeler firms, which get nearly all their gross sales from the inner combustion engine or ICE-based items, is the traction for electrical …




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First Printed: Solar, April 24 2022. 22:28 IST

The post Two-wheeler shares might enter the quick lane driving on restoration hopes appeared first on India Express Online.

Source: Around the Globe

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