India Becomes World’s Largest 2-Wheeler Mkt

New Delhi: India has surpassed China to become the largest two-wheeler market in the world, driven by rising demand in rural areas, supported by favourable monsoon conditions and government initiatives for rural development, a report showed on Friday. Globally, two-wheeler sales grew 4 per cent (year-on-year) in the first half of 2024, according to Counterpoint Research. Although India, Europe, North America, Latin America, and the Middle East and Africa saw growth, China and Southeast Asia (SEA) experienced a decline.

Senior analyst Soumen Mandal said that India’s two-wheeler market saw a remarkable 22 per cent YoY growth in the first half this year. “This strong performance allowed India to surpass China and become the world’s largest two-wheeler market,” he mentioned. Two-wheelers saw strong double-digit growth (year-on-year) in the second quarter of this fiscal in India.