India is the largest market for two-wheelers in the world, especially in the CC-Class segmentation (51–125 cc), which is 70% of the overall two-wheeler market.
Indian two-wheeler market, which had 21.19 million in sales volume in 2019, is forecasted to expand up to approximately 25 million units by 2024. Hero MotoCorp, HMSI (Honda Motorcycle & Scooter India), and TVS were the top 3 players for the fiscal year 2019, covering almost 75% of the two-wheeler market share in India.
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