The government’s decision to revise third-party (TP) insurance for automobiles on Thursday may hit buyers and adversely impact sales, especially in the two-wheeler segment which is already struggling with low market demand, said industry veterans.
Total two-wheeler sales grew by more than 15 per cent y-o-y to 11,48,696 units in April as against 9,95,115 units in April 2021. The growth in April sales was the first after recording negative numbers for the past 10 months.
