Bharat Express

Rural Demand

Credit rating agency ICRA has revised its growth outlook for two-wheeler wholesale volumes to 11-14% in FY25, driven by steady replacement demand and improved rural incomes after healthy monsoon precipitation

The April-September period saw 2W sales grow by 9.08%, 3W by 7.58%, and passenger vehicles (PVs) by 1.07%. However, consumer vehicles (CV) and tractor sales dropped by 0.65% and 8.82%, respectively