‘Second Covid wave impacting two-wheeler sales harder’
   Date :20-Apr-2021

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THE second Covid wave has impacted the two-wheeler markets harder than the earlier one with sales declining by 30-50 per cent so far in April despite a mini festive season during the month, according to a report. Smaller cities are seeing the impact of the second wave (unlike the first wave), amid the cases reported in the second week of April surpassing the peak of September last year, brokerage firm Motilal Oswal Financial Services said in its report.
Gudi Padwa, which is a major festival of Maharashtra, fell on April 13 while the 9-day fasting period Navrarati commenced from the same day last week, among other festivals. Festive periods like Navratri and Gudi-Padwa account for a fair share of annual vehicle sales across the country, as per the report.