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From Hero MotoCorp to Royal Enfield, two-wheeler sales continue to skid

Largest two-wheeler manufacturer Hero Moto Corp saw a decline of more than 20 per cent

Two-wheeler sales in India, the world's largest market for such vehicles, extended the declining streak of the previous months as manufacturers pared dispatches to dealers in a bid to control inventory on the back of poor retail sales. Largest two-wheeler manufacturer Hero Moto Corp saw a decline of more than 20 per cent. The company had called for goods and services (GST) cut on two-wheelers without which it said it was tough to revive demand. “We are yet to see a change in customer sentiment. Inventory is still at high level, the inquires are not translating ...