Two-wheelers are popular with people of all ages. The reason behind the great success of two-wheelers is that they are small, manageable, and cost-effective. Even the high prices of four-wheelers diverted the attention of car lovers to opt for affordable bicycles with low maintenance cost.
Key reasons for the success of two-wheelers:
1. With high inflation rates and low liquidity in the market, buyers are hesitant to buy the cars.
2. Even the long-awaited Nano and small cars are in the pipeline.
3. Two-wheelers have quick and hassle-free loan approval.
4. It is available for all models at attractive interest rates.
5. There are flexible payment options. It goes from 12 to 48 months.
6. Repayment of loans is possible through postdated checks with easy EMI.
7. Unlike four-wheelers that have a high maintenance cost, two-wheelers have easy maintenance, soft loans, and easy affordability.
All this caused sales of two-wheelers to skyrocket.
Two-wheeler manufacturers:
A lot has changed for two-wheelers in the last two decades. Previously, there were only a handful of two-wheelers in the country. In the early 1950s, Automobile Products in India (API) started the production of scooters. Until 1958, API and Enfield were the only two-wheeler producers in India.
But in the current scenario, the Indian two-wheeler market is booming. India is the second largest producer and manufacturer of two-wheelers in the market. India follows China and Japan in terms of sales and production of two-wheelers.
There are more than 10 manufacturers of two-wheelers in India, and the list includes Bajaj, Hero Honda Motors, Indus, Kinetic Motor, Royal Enfield, Suzuki, TVS, and Yamaha.
There are many key players in the market selling bicycles, scooters, and mopeds, at competitive prices, which has given buyers plenty of choice. So now you don’t have to compromise on your needs and can easily get a two-wheeler of your choice at the best price.