Rural Distress: Two Wheelers Going Out Of Reach For Rural India!

by GoNews Desk Jan 19, 2022 • 10:31 AM Views 1104

Two-wheeler sales in India have been a strong indicator of the health of the rural economy since the turn of this century. Rising motorcycle sales indicate that rural India’s discretionary incomes are rising, and they are becoming more mobile which furthers their income and quality of life.

From 2001 to 2011, two-wheeler registrations increased from 40m to 100m. In the decade after that, more than 10 million two-wheelers were sold each year with a peak of 16.5 m in 2018. These figures correspond to the shrinking per capita income in India which has reduced to less than Rs 1 lakh for the first time in four years.

Sentiment among the consumers having incomes of above Rs 1 lakh a year have strengthened during the post pandemic period but those earning less than Rs 1 lakh have remain subdued during this time.

Read the full story here