TL;DR
Two-wheeler retail sales in India grew by 18-20% year-on-year in August, driven by festive demand and strong urban-rural traction.
India's two-wheeler retail sales maintained healthy growth in August, with an 18-20% year-on-year increase, supported by the Onam festival and a favorable low base from the previous year. Organic inquiries for two-wheelers also rose by 10-12%, showing strong traction in both urban and rural markets.
Premium internal combustion engine (ICE) motorcycles and electric vehicles (EVs) were identified as key growth drivers, with manufacturers increasing supplies in anticipation of the festive season.
