Two-wheeler volumes likely to contract by 11-13% in FY21: Icra April 06, 2020 at 02:50AM

Ratings agency Icra on Monday said two-wheeler volumes are expected to contract by 11-13 per cent in FY2021 due to the coronavirus pandemic. The challenges are likely to get aggravated as consumer spending will be severely impacted by the outbreak resulting in lower spending power both in urban and rural markets, Icra said in a statement.