MOTORCYCLE SALES UP - IN INDIA
July 24 2009.

India, the world's second-largest two-wheeler market, saw sales of new motorcycles rise 9.8% year on year to 4,002,477 units for the January-June period. In June alone, the figure picked up as much as 17%, following 10%-plus increases in April and May.

Upbeat sales records were largely attributable to growing buying appetite in rural farming villages, which are thriving on agricultural products traded on global markets. The government also supported farmers by exempting some of their debts in a bid to promote consumption.

Although some dealers are still reluctant to extend loans to customers, an increasing number of people make one-off payments to buy a motorcycle.


Source: Nikkei.