2W industry to post 2-4% volume growth in 2015-16

#hashtags: #ICRA #CAGR

ICRA estimates the domestic 2W industry to post modest 2-4% volume growth during 2015-16 owing to moderate growth under scooters.  In ICRA’s view, over the medium term, the 2W industry is expected to report a volume CAGR of 8-9% to reach a size of 22-23 million units (domestic + exports) by 2017-18, as the structural positives associated with the domestic 2W industry including favourable demographic profile, moderate 2W penetration levels (in relation to several other emerging markets),...