Mopeds
Mopeds are entry-level vehicles. The demand for mopeds is predominantly from low to middle income families who graduate from bicycles to motorized vehicles and also among college students.
Moped sales increased from 0.11mn in FY80 to 0.42mn in FY93 at a CAGR of 11.3%. But an increasing preference towards scooterettes and motorcycles in the nineties lead to slow growth for mopeds compared to other segments.
After rising to 19.6%yoy in FY96, growth in the moped segment has slowed down mainly because of rising sales in the scooterette segment. A scooterette offered the buyer more power and higher stability combined with the easy maneuverability of a moped.
The moped segment witnessed a 3.5% drop in sales in FY98. Growth in the moped segment has shown a reversal in line with two-wheelers sales trend, to witness a growth in sales for FY99. Sales in FY2000 have risen by 7.4%yoy.
The future demand for mopeds will be from low and middle class families, who will be upgrading to two-wheelers from bicycles. Taking into consideration the present ownership of bicycles in India and upgradation of existing moped owners to scooterettes/scooters or motorcycles, we expect the demand for mopeds to remain stagnant in FY01.
Mopeds are entry-level vehicles. The demand for mopeds is predominantly from low to middle income families who graduate from bicycles to motorized vehicles and also among college students.
Moped sales increased from 0.11mn in FY80 to 0.42mn in FY93 at a CAGR of 11.3%. But an increasing preference towards scooterettes and motorcycles in the nineties lead to slow growth for mopeds compared to other segments.
After rising to 19.6%yoy in FY96, growth in the moped segment has slowed down mainly because of rising sales in the scooterette segment. A scooterette offered the buyer more power and higher stability combined with the easy maneuverability of a moped.
The moped segment witnessed a 3.5% drop in sales in FY98. Growth in the moped segment has shown a reversal in line with two-wheelers sales trend, to witness a growth in sales for FY99. Sales in FY2000 have risen by 7.4%yoy.
The future demand for mopeds will be from low and middle class families, who will be upgrading to two-wheelers from bicycles. Taking into consideration the present ownership of bicycles in India and upgradation of existing moped owners to scooterettes/scooters or motorcycles, we expect the demand for mopeds to remain stagnant in FY01.