Employees work on the assembly line at the Honda Motorcycle & Scooter India Pvt. plant in Manesar, India. (Photographer: Pankaj Nangia/Bloomberg)
Budget motorcycles were expected to withstand the Covid-19 pandemic much better than other categories as rural India bounced back quicker than expected from its disruption. That didn’t go as expected.Sales of entry-level motorcycles fell by nearly 27% in the last year to about 4.3 lakh units, according to data shared by Crisil Ltd. That decline was the highest for a segment that accounts for about 60% of total motorcycle volumes and ...