Premium bikes segment to become meaningful part of two-wheeler market: Rahul Singh

economictimes.indiatimes.com:

«But one thing is for sure that with these price points, the market itself will expand for the premium bikes. So, premium bikes which are I mean 350cc and above, which are a small part of the market, will become a meaningful part of the overall two-wheeler market, I think that is the other thing to keep in mind and not just get bogged down by just the market share movements,» says Rahul Singh, CIO-Equities, Tata MF.What are your thoughts on the auto space. How are you looking at the competitive landscape evolving in the two-wheeler space because Bajaj has come back to its life highs. Hero is at a multi-year high, TVS too. So, there seems to be some interest back in two-wheelers. Yes, I think what we have seen over the last two-three days is interesting because I think it is also going to expand the premium bike market.

So, while obviously market share movements between the players can happen and depends on how well the new entrants execute and how well their products are executed, we will know as the time goes by. But one thing is for sure that with these price points, the market itself will expand for the premium bikes.

So, premium bikes which are I mean 350cc and above, which are a small part of the market, will become a meaningful part of the overall two-wheeler market, I think that is the other thing to keep in mind and not just get bogged down by just the market share movements. So, I think that is the interesting part of what has happened over the last three-four days.