The two-wheeler industry is projected to sustain steady growth this fiscal year due to improved domestic sales and strong demand in executive and premium segment motorcycles, according to a report by CareEdge Ratings. Post-COVID, the industry saw a decline but began recovering in FY23, with momentum continuing into FY24. Key drivers include higher EV sales, CNG-powered two-wheelers, and anticipated interest rate cuts in the latter half of FY25. The Indian two-wheeler industry recorded sales growth in FY23 and FY24, with future growth expected to be bolstered by new model launches and recovering exports.
