Indian two-wheeler makers outshone their four-wheeler counterparts in November, driven by a festive season-led pick up in rural demand, monthly sales data from auto manufacturers showed on Friday.
The numbers prompted optimism among industry watchers about two-wheeler demand for the rest of the financial year.
“We are estimating this momentum will continue for the balance of the year and till March because there are weddings and small festivals,” SMIFS lead analyst Amit Hiranandani said.
Saietta Group plc (LON:SED) is a multi-national business which designs, engineers and manufactures complete Light Duty and Heavy Duty electric drive (eDrive) systems for electric vehicles on land from scooters to buses (vehicle categories L, M, N and T) as well as marine applications.