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The market will recover on Diwali

Bijaya Laxmi by Bijaya Laxmi
August 22, 2020
in Lifestyle
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The market will recover on Diwali
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Bhubaneswar: Sales of two-wheelers will improve by next November. Atsushi Ogata, president and CEO of Honda Motorcycles and Scooters India, said the corona epidemic would return to normal on Diwali. “Sales of two-wheelers have improved in many parts of the world,” he said in a telephone conference. But the situation in Asia is still bad. I hope the situation in India will improve by Diwali. “Exports will increase from here as the BS7-4 rules are implemented in India,” he said.

The company can ship BS7-4 vehicles to both developed and developing countries. Honda is currently exporting vehicles from India to Nepal, Sri Lanka and Latin America. “We can export the BS4-7 model to almost all countries,” he said. “India is not yet ready for electric vehicles,” he said of the electric vehicle scheme. There is a problem with the charging station. The system required to replace the battery has not been developed. “From a commercial point of view, electric vehicles have not reached a profitable level,” he said. Yadavinder Singh Guleria, Director-Sales and Marketing of the company, was present on the occasion.

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