India markets closed
  • BSE SENSEX

    49,206.47
    +256.71 (+0.52%)
     
  • Nifty 50

    14,823.15
    +98.35 (+0.67%)
     
  • USD/INR

    73.3000
    -0.2900 (-0.39%)
     
  • Dow

    34,777.76
    +229.23 (+0.66%)
     
  • Nasdaq

    13,752.24
    +119.39 (+0.88%)
     
  • BTC-INR

    4,284,634.00
    +28,559.00 (+0.67%)
     
  • CMC Crypto 200

    1,480.07
    +44.28 (+3.08%)
     
  • Hang Seng

    28,610.65
    -26.81 (-0.09%)
     
  • Nikkei

    29,357.82
    +26.45 (+0.09%)
     
  • EUR/INR

    89.1880
    +0.3797 (+0.43%)
     
  • GBP/INR

    102.5309
    +0.2936 (+0.29%)
     
  • AED/INR

    19.9120
    -0.0790 (-0.40%)
     
  • INR/JPY

    1.4786
    -0.0008 (-0.05%)
     
  • SGD/INR

    55.3350
    +0.1290 (+0.23%)
     

COVID 2.0 and its impact on the motown sector | Neeraj Thakkar & Nikunj Sanghi to ET Now

COVID second wave has gripped industries and MOTOWN has also been experiencing the jitters. Amid this resurgence, Dealers Skeptical about a strong recovery and expects 2-wheeler demand yet to play out. they also expect low recovery during mini-festive/wedding season As two-wheeler registrations drop 32% vs 3% YoY Nikunj Sanghi, Chairman-ASDC says that stress in 2-wheeler market prevalent for some time and affordability has become a major concern with 2-wheelers. Meanwhile, localised shutdowns will adversely impact target customers. Dealers are also witnessing pent-up demand in June, July & August. Neeraj Thakkar says that the second wave has come at a time when the industry had recovered from the first lockdown. Catch the full conversation here.