Two Wheeler Sales
Source: CMIE Economic Outlook, 1 Finance Research
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What does the Two Wheeler Sales data represent?
- This data represents the sale of key modes of transport, such as two wheelers (motorcycles, scooters, mopeds), within India encompassing different brands, engine capacities, electric and conventional fuel types.
- The data helps in understanding the dynamics of the auto and automotive market in India, particularly in the context of urban and rural transportation.
What is the significance of the Two Wheeler Sales data?
- Sales data for two wheelers in India is a vital indicator for understanding broader economic conditions within the services sector activities, both in urban and rural areas, particularly in the context of middle-class and rural populations, where these vehicles play a crucial role in personal mobility and delivery services.
- The data offers insights into consumer preferences, transportation needs, and job stability especially in urban areas and disposable income of rural populations.
How to interpret the Two Wheeler Sales data?
- A rise in Two Wheeler sales may indicate increased demand for personal transportation, and vice versa.
- The auto and automotive industry is cyclical, with sales often influenced by factors such as festive seasons, end-of-year discounts, and new model launches. Thus, analysing the monthly cumulative sales data on a year-on-year basis (total data from the beginning of the fiscal year) is advisable to overcome any seasonal fluctuations.
- Trends in two wheeler sales can be correlated with other economic indicators, such as fuel prices, interest rates on vehicle loans, and overall economic growth, providing a comprehensive view of the economy.
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