Two-wheeler sales may have a double-digit decline in FY21 due to Covid-19: ICRA

Two-wheeler sales in India during the recently started fiscal year are expected to be around 18 million units, an estimated decline of 11-13% over FY20, according to ICRA. Subsequently, operating margins of manufacturers are expected to contract by 200-250 basis points to 11.5-12% from around 14% in the previous year.

from Auto-Industry-Economic Times https://ift.tt/34gnp6U