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Wednesday, 20 July 2011

Mopeds make a comeback in motown

Moped is dead. Long live the moped. The ubiquitous two-wheeler that once roamed around the countryside and considered a dead segment is making quiet inroads into the market.

 In May, the country produced 70,001 mopeds , up from 54,702 units in May last year or 28% more in number terms. More importantly , May 2011 saw the highest moped sales for any month ever. The Society of Indian Automotive Manufacturers (SIAM) has projected a growth of only 12 to 14% for the domestic two-wheeler industry this year.Vcommindia News

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