Valley has `100 cr market for 2-wheelers
Srinagar, Jan 15: The Valleyites purchase two-wheelers for Rs 100 crore annually.
According to a market survey Greater Kashmir conducted this week, people in Kashmir valley every year purchase around 20,000 bikes and other two wheelers.
Market observers said over the years the market for the two-wheelers has swelled sharply due to upsurge in the demand.
“If we assume that on an average an individual spends Rs 50,000 on purchase of a two-wheeler or a bike that means the total volume of the market comes to around Rs 100 crore,” said an automobile dealer here.
The survey revealed major chunk of two-wheeler market in the Valley is controlled by Kashmir Motors.
The companies that are competing in this automobile segment in the summer capital are Hero, TVS, Bajaj, Yamaha, Mahindra, Suzuki.
“If we compare the business of two-wheelers on all India level with previous years it is witnessing downward trend. But in Kashmir the storey is different. Here it has been showing encouraging results,” Ufaiz Ajaz Ahmad, Head Marketing and Development, Kashmir Motors, said.
Ahmad said that due to thriving two-wheeler market, the state government is also earning good amount of revenue.” On each sale of two-wheeler automobile we pay Rs 8000 to 9000 tax. But unfortunately the state government is not providing us the facilities in order to boost our business.”
He suggested that government should open counters at every distributorship of the two-wheelers so that customers don’t have go to Regional Transport offices or other places for completing the documentations.
The demand for two-wheelers can be gauged from the fact that the customers have to book in advance to receive the bike or Scooty.
However the trend of Scotties is catching fever in Kashmir with more and more people purchasing the trendy bikes which according to them are fuel-efficient and easy to ride.
Even the new players of two-wheelers are planning to start their business in the Kashmir valley.
Lastupdate on : Tue, 15 Jan 2013 21:30:00 Makkah time
Lastupdate on : Tue, 15 Jan 2013 18:30:00 GMT
Lastupdate on : Wed, 16 Jan 2013 00:00:00 IST
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