KN Radhakrishnan stated that the two-wheeler industry will grow by 8-9 percent CAGR in the long term due to the continued benefits of reduced GST
The Indian two-wheeler industry is likely to witness a growth of 8-9 percent CAGR (Compound Annual Growth Rate) in the long term, remarked KN Radhakrishnan, CEO of TVS Motor Company. This growth rate will be supported by the momentum of reduced GST, improved infrastructure and overall rise in the economy. Speaking to analysts, Radhakrishnan stated that the first half of next finanical year (Apr-Sep 2026) is expected to be very good as far as sales growth is concerned due to the continued benefits of the GST rate cut.
“Overall, I’m a firm believer that 8 per cent to 9 per cent as a CAGR, you can look at on a long-term basis…,” Radhakrishnan said when asked about the growth prospects of the two-wheeler industry.
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