two wheeler – pressnews

[ad_1] The Indian Electric Vehicle (EV) market has been spinning recently, and two-wheelers are the clear winners in this race on Indian roads. Electric cars might be attracting the global EV consumer, but the Indian EV consumer is clearly showing a preference for two-wheelers.The Indian automotive industry saw a sharp increase in two-wheeler sales in the financial year 2022. According to the Society of Indian Automobile Manufacturers (SIAM), in the first two months of this fiscal year, sales of two-wheelers in the local market increased 16% year-on-year to 2,810,138 units. Statista estimates that the Indian demand for EV two-wheelers could reach as much as 8.2 million units annually, looking at the country's massive market potential. This projected demand makes up a crucial part of the...

[ad_1] The bike industry is riding into a rough patch as inflation surges. But two-wheel rides still look like a long-term winner. Is air leaking out of the bicycle boom? Recent profit warnings from European bike companies suggest weakening demand and surplus inventory are becoming a problem. “The industry has overordered on bikes. Dealers got overexcited and shops felt also pressured to place orders due to supply chain issues,” says Will Butler-Adams, chief executive officer of UK folding bike company Brompton Bicycle Ltd. The recent slowdown is a stark change from the past couple of years when the pandemic sent consumers flocking to bike dealers so they could avoid public transport, entertain their kids and enjoy more ...

Tag: two wheeler

Why the Indian EV consumer prefers two-wheelers

Can E-Bikes Rescue the Covid Bicycle Boom?