The demand for 2-wheelers remains stable even after the festive season. According to experts, this happened due to recovery in rural areas, where 2-wheeler sales have been strong in the first 15 days of November. At the same time, demand from different sectors has increased. Recovery has also been seen in the entry level segment.
This can bring recovery in the 2-wheeler market, especially in rural areas. Before this, for many years the growth had been low due to rising prices.
Sale expected to be good from 15th to 30th November: Motilal Oswal
Motilal Oswal said in a note on Wednesday that growth usually slows down after the festive season. But demand still remains good. Because in the last 15 days of the month we expect an annual growth of 5–7%. The brokerage said demand has improved in almost all sectors and dealers expect the trend to continue. The wedding season will help in this.
Sales of anti-level cars in the passenger vehicle category have slowed down. And the order book is also expected to decline due to which the overall sales growth may come down to single digit growth.
Will also benefit from discount: Nomura Holdings
Nomura Holdings Inc. expects discounts on passenger vehicles to reach a three-year high in December. Because the existing inventory in the dealership remains good. He believes that for the first time after the Corona period in November and December, there will be a need to reduce production manually. The brokerage expects the discount to liquidate this stock in December to be much higher than in the last three years.
Motilal Oswal, Nomura and Deloitte Capital said that sales of commercial vehicles are expected to increase in November. Motilal Oswal said that freight demand has decreased after the festive season. And due to the assembly elections during the month, the orders received from the government have also declined.
The demand for two wheelers remains stable even after the festive season. According to experts, this happened due to recovery in rural areas, where 2-wheeler sales have been strong in the first 15 days of November. At the same time, demand from different sectors has increased. Recovery has also been seen in the entry level segment.
This can bring recovery in the 2-wheeler market, especially in rural areas. Before this, for many years the growth had been low due to rising prices.
Sale expected to be good from 15th to 30th November: Motilal Oswal
Motilal Oswal said in a note on Wednesday that growth usually slows down after the festive season. But demand still remains good. Because in the last 15 days of the month we expect an annual growth of 5–7%. The brokerage said demand has improved in almost all sectors and dealers expect the trend to continue. The wedding season will help in this.
Sales of anti-level cars in the passenger vehicle category have slowed down. And the order book is also expected to decline due to which the overall sales growth may come down to single digit growth.
Will also benefit from discount: Nomura Holdings
Nomura Holdings Inc. expects discounts on passenger vehicles to reach a three-year high in December. Because the existing inventory in the dealership remains good. He believes that for the first time after the Corona period in November and December, there will be a need to reduce production manually. The brokerage expects the discount to liquidate this stock in December to be much higher than in the last three years.
Motilal Oswal, Nomura and Deloitte Capital said that sales of commercial vehicles are expected to increase in November. Motilal Oswal said that freight demand has decreased after the festive season. And due to the assembly elections during the month, the orders received from the government have also declined.
