‘Two-wheeler sales may double in 9 yrs’

According to a report by Crisil, two-wheeler sales in India are expected to see a compounded annual growth rate of 9-11% between 2023 and 2028, reaching 25.9-26.1 million units. By 2032, sales are expected to nearly double to 30.7-30.9 million units. The report also predicts a growth in passenger vehicle sales, with a CAGR of 5-7% between 2023 and 2028, and 4-6% between 2028 and 2032. India is also expected to invest heavily in infrastructure, with Rs 143 lakh crore allocated for the next seven years.