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Motorcycles or scooters with three wheels, trikes offer more comfort and convenience than regular two-wheelers. A Hyderabad- based small enterprise, also a participant at the upcoming Auto Expo, wants to tap the huge base of two-wheeler customers to build a new business of converting two-wheelers to trikes.
Even as a probe is underway to ascertain these irregularities, companies said the stoppage of payments was hurting their cash flows as they had already passed on the benefits to customers. "If not resolved quickly, this slowdown may have a negative impact on volumes next fiscal, when the industry is looking at selling more than 2 million units," Gill said.
Also Read: Electric 2-wheeler cos hit a ₹1k cr bumpEven as a probe is underway to ascertain these irregularities, companies said the stoppage of payments was hurting their cash flows as they had already passed on the benefits to customers. "If not resolved quickly, this slowdown may have a negative impact on volumes next fiscal, when the industry is looking at selling more than 2 million units," Gill said.
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