Wheels are turning back: After two-wheelers lose a decade in India, will this year be different?
It has been a lost decade for two-wheelers in India with a sales CAGR of a little over 1%. Can this year be a turning point? The recent signs of recovery cannot change the fact that the past decade has been a lost one for the two-wheeler segment. The sales inched up from 13.79 million units in FY13 to 15.86 million units in FY23 — a CAGR of 1.4%, the lowest among all vehicle segments.
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