People travel on a motorcycle in Lakhtar, Gujarat, India. (Photographer: Adeel Halim/Bloomberg)
Two-wheeler inventory remained elevated as sales at dealerships in December declined after two months.Retail sales, measured by vehicle registrations, of two-wheelers fell about 20% over the preceding month, according to data on the Vahan portal of the Ministry of Road Transport and Highways.Demand failed to sustain the festive-period bump-up amid rising costs. Yet, companies continued to push stock, BloombergQuint’s dealer checks ha...