TWO-WHEELER SEGMENT BACK IN GAME

image source - www.tvsmotor.com

Two wheeler segments, the largest in demand segment of automotive industry, faced quite a dip in its demand post demonetization.

Though, it has been 4 months, since demonetization happened, still two-wheeler segment was nowhere to see any rise in its demand  as compared to the last year. This shows that two wheeler segment was affected at its worst by demonetization, especially because of post demonetization affect.

Due to demonetization and its post affect, even the largest two-wheeler makers in the country, suffered a decline, Hero Motocorp suffered the decline of 4.8 % in February, while TVS also witnessed a drop of 3.6 % in the same month, compared to last year.

But, with government push towards the rural schemes, this segment is keeping an optimistic approach and hoping to see the growth in near future again. As the situation is becoming normal, according to reports, in the upcoming quarter, two-wheeler companies will notice the rise in the demands of the bikes.

As Bharatiya Janata Party member, Arun Jaitley in his budgetary speech publicized the amount for rural agricultural & allied sector development which is going to be Rs 1, 87,223crore.

The government will also reduce the tax rate of 10% to 5% for the salaried class whose salary comes under income bracket of 2.5 lakhs to Rs 5 lakhs. As an addition, government is also taking steps towards its commitment to double farm incomes by 2020.

With all these factors coming into effect, two wheeler segments is hoping to see a growth in its demand with the growth in livelihood of people in the rural area. Year on year (YoY), auto industry has witnessed decent growth in sales.

With new models coming in, this segment is going to see a robust growth soon not only in urban areas but in rural areas as well. 

And with every new model sold, used automotive industry can see the growth as well. Shriram Automall India Limited (SAMIL), The Largest Platform for Acquisition & Disposal of Pre-owned Vehicles & Equipment in India, has successfully unfurled its 67 Automalls across the country, for customer convenience. So whether urban or rural, if you are interested in buying or selling used two-wheelers visit your nearby Automall soon.

You can find used two-wheelers of every make and model in the Automall. You can also download “MY SAMIL APP” or use “Desktop Bidding Facility” to make the deal at your comfort. If you are in hurry, then simply click the link below and register yourself, our professional team will help you with rest.
https://goo.gl/TRchZK