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Bike and scooter sales could see 11-13% decline in FY2021: ICRA

Bike and scooter sales could see 11-13% decline in FY2021: ICRA

Shahkar Abidi     calendar07 Apr 2020

Challenges likely to get aggravated as consumer spending will be severely impacted by Covid-19 outbreak; operating margins of 2W OEMs to contract by 200-250 bps to 11.5-12% from 14 percent.

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MOST READ

POLL OF THE MONTH

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Yes

 

41.73%

No

 

58.27%

Total Votes : 520